Tokenization software firm AlphaPoint rehauled its management, financial news outlet Finextra reports on June 3.

Per the report, the current chief technology officer of the company, Joe Ventura, will become the chief information officer, while global head of trading Kapil Rathi will be the new chief operating officer. Both will be reporting to Igor Telyatnikov, the former president who has now been newly appointed as the CEO.

Telyatnikov is reportedly an AlphaPoint founding member who held multiple senior leadership positions in the firm, including chief operating officer. Finextra notes that he was previously responsible for overseeing the company’s business strategy, customer success and revenue growth.

Before his work at AlphaPoint, Telyatnikov was a managing director at fintech, adtech and online media investment venture firm Cvetlo, and led business development at digital ad platform LiftDNA. Former CEO Salil Donde will become a strategic advisor for the company, the same role that he held before becoming an executive at the company.

In March, AlphaPoint had upgraded its security token solution, which is designed for institutional clients.

As Cointelegraph recently reported, compliant tokenization startup Standard Tokenization Protocol announced that it secured $7 million in funding in two separate private funding rounds from multiple venture capitalists by selling its STPT token.

In May, major Swiss telecommunications company Swisscom announced its plans to distribute tokenized artwork through its Swisscom TV television network.