Melonport AG, a Swiss company for technology regulated investment funds, announced on Wednesday it has appointed Todd Ruppert, the former CEO of T. Rowe Price Global Investment Services, its new advisor and council foundation member for the newly created Melon Foundation.
According to Melonport, Ruppert was CEO and President of T. Rowe Price, a global asset management firm with more than $925 billion under management. He is now a venture partner with Greenspring Associates, a U.S.-based venture firm with more than $5 billion under management. He also is a serial fintech advisor, investor, and board member of INSEAD Business School. While sharing details about his new positions at Melonport, Ruppert stated:
“I am excited to work with the exceptionally talented team at Melon as they continue to pioneer the future of technology regulated funds.”
Melonport also reported that Ruppert will 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. Mona El Isa, Co-Founder and CEO of Melonport, added:
“Todd Ruppert is a legendary business leader who will bring signifigance 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.”
Founded in 2016, Melonport describes itself as a decentralized, blockchain asset management platform and ecosystem. The company stated:
“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 many 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 in an open, competitive and decentralised manner.”
Melonport announced that their software will be publicly available in February of 2018, one year ahead of schedule.