Jonathan Mayers general counsel with BlockFi. (Courtesy photo)

Cryptocurrency investment platform BlockFi has tapped a Renaissance Technologies, Deutsche Bank and Barclays Capital in-house veteran to lead its legal team.

Jonathan Mayers, the new general counsel, will be in charge of contributing to the conversations around regulatory developments in the cryptocurrency field on BlockFi's behalf. The Jersey City-based firm made the hiring announcement on July 15.

"Crypto is a financial markets efficiency game changer, making flow of capital easy, cheap and safe for investors across the globe in both retail and institutional settings," said Mayers in a statement. "However, in order to fully reap these benefits, we need to expertly navigate the ever-evolving global legal and regulatory compliance environment."

He added he's looking forward to bringing his financial compliance experience to the position to help BlockFi stay on top of mining the regulatory landscape. BlockFi provides blockchain-powered wealth management products for crypto-investors.

The co-founder of Cape Springs Capital Partners LLC, Mayers spent a decade as counsel at Renaissance Technologies LLC, according to his LinkedIn profile. He was an associate director and associate general counsel at Barclays Capital after serving as vice president and counsel at Deutsche Bank AG. His law firm experience includes a stint at Davis Polk & Wardwell. He received his law degree from the University of Cape Town in South Africa.

Zac Prince, CEO and founder of BlockFi, emphasized in a statement the firm's dedication to regulation and compliance in the space evolving from the traditional financial industry.

"As the space continues to mature, we'll need a firm regulatory structure more analogous to that of traditional finance to ensure capital can move through the crypto ecosystem safely and ethically," he said. "BlockFi continues to champion the importance of compliance and Jonathan brings a trove of experience from some of the most recognized names in finance to help us continue to do so."

Managing more than $1 billion in assets on its platform, BlockFi said it's on track to generate over $50 million this year. It recently launched a mobile app and plans to launch a Bitcoin Rewards Credit Card.