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I’ve never heard of anything like this before. MelonPort just had it’s ICO sell out within the first 5 minutes of opening, raising $25 million. That’s over 1000 Ether per second. This incredible movement of money shows how powerful the ICO model can be for blockchain companies.

MelonPort is seeking to build an open protocol for asset management on the blockchain. They have an impressive team and set of advisors, including CEO Mona El Isa, previous VP at Goldman Sachs. They believe MelonPort will be a paradigm shift for asset management backed with the security and scalability of the Ethereum blockchain.

Read the round up in their own words here.

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