Melonport Appoints Advisor and Melonport Foundation Council Foundation Member
Former CEO of T. Rowe Price Global Investment Services, Todd Ruppert will be joining Melonport AG, a swiss company for technology regulated investment funds, as an advisor and serving as a council foundation member for the newly created Melon Foundation which was announced last week at the first annual M-0 conference. At the conference, Melonport also announced that its software will be publicly available in February of 2018, one year ahead of schedule.
Melonport is a decentralized, blockchain asset management platform and ecosystem. The Melon protocol is a collection of smart contracts that form a blockchain-based protocol for digital asset management. It is initially built on the Ethereum platform, but will be available on multiple blockchain platforms in the future. It enables participants to set up, manage and invest in digital asset management strategies that exist within a customisable and predefined ruleset, with the open and decentralised benefits of blockchain technology.
Ruppert, a 40 year veteran in the financial services industry, is retired from T. Rowe Price, the global asset management firm with more than $925 billion under management, where he was CEO and president of T. Rowe Price Global Investment Services, co-president of T. Rowe Price International, and a member of the operating steering committee of the T. Rowe Price Group. Ruppert is also a venture partner with Greenspring Associates, a US based venture firm with over $5 billion under management. He is a serial fintech advisor and investor and a board member of INSEAD business school.
Mona El Isa, Co-Founder and CEO of Melonport, said: “Todd Ruppert is a legendary business leader who will bring significant experience and wisdom to Melon. We are humbled that he chose to join the Melonport project and that he shares in our vision for what our technology can bring to the world of digital asset management. He will be joining our incredible leadership team at the Melonport foundation to drive the future of the Melon ecosystem.”
In his role, Ruppert will be serving as an advisor to Melonport AG, a technology company that is developing a decentralized and ‘trustless’ system of tools to enable fund managers to set up, manage and invest in digital assets and have management strategies that exist within a customizable, predefined ruleset.
Ruppert will also be serving as a founding council member of the newly created Melonport Foundation, an organization founded to manage the future maintenance and development of the Melon ecosystem. Ruppert joins other founding members who were announced at the first annual M-0 conference for digital asset management last week in Zug, Switzerland.
Ruppert commented: “I am excited to work with the exceptionally talented team at Melon as they continue to pioneer the future of technology regulated funds,”