Role of the Tezos Foundation

We sustainably deploy resources that support the long-term success of Tezos.

The Tezos Foundation is a Swiss foundation, supervised by the Swiss Federal Foundation Supervisory Authority. Our purpose is the promotion of the Tezos protocol through grants and other capital deployment vehicles.

Facts & Figures

Some Tezos Foundation highlights that were reported in our March 2020 Biannual Update

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new grants issued

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USD mio in assets

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new strategic partnerships

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countries of grant recipients

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independent external audit finalised by PwC Switzerland

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grant applications received and evaluated

Foundation Council

The Foundation Council has the overall responsibility to manage and administer the Foundation, its assets and to define the Foundation’s strategy. In line with the Foundation Charter, the Foundation Council has delegated the operational and asset management duties to the Executive Committee of the Foundation. The Foundation Council appoints and constitutes itself. It is currently composed of seven members including the president of the Foundation.

Executive Committee

The Executive Committee is entrusted by the Foundation Council with the operational and asset management duties of the Foundation. In addition, the Executive Committee implements the Foundation Council‘s resolutions and is, among others, to some extent responsible for investment decisions fostering the Foundation’s purpose.

Audit Committee

The Audit Committee monitors the Foundation’s financial and business reporting, including financial statements and tax matters. The audit process includes reviewing the activities, adequacy, and effectiveness of the Foundation’s statutory auditor (PwC Switzerland).

Investment Committee

The Investment Committee (IC) provides recommendations and advice to the Foundation Council and the Executive Committee about all investments of the Foundation outside of regular grants and ordinary asset management.

Technical Advisory Committee

The Technical Advisory Committee (TAC) was established to provide recommendations and advice to the Foundation Council and the Executive Committee on all technical matters of the Tezos protocol, including but not limited to technological priorities to be funded by the Foundation. The TAC includes external members from throughout the Tezos community.

Nomination Committee

The Foundation Council recently appointed a Nomination Committee to evaluate and propose new members to the Foundation Council. We refer to the News section of our website for more information regarding the future governance structure.

Foundation Council

The Tezos Foundation Council is composed of accomplished professionals who lead the Tezos Foundation as it supports the Tezos protocol and ecosystem. Individually, they bring expertise and insights from their respective fields. Collectively, they form a Council full of unique backgrounds and experiences from all over the world.

Ryan Jesperson
Chair of the Foundation Council

Ryan is the Chair of the Tezos Foundation Council. Most recently he was the Chief Operating Officer of Divvy, a FinTech company. Ryan received a BS degree, cum laude, from Brigham Young University, and an MBA from the Fuqua School of Business at Duke University.

Alexis Bonte
Member of the Foundation Council

Alexis is the co-founder and CEO of online gaming company eRepublik Labs, which is part of the Stillfront Group, where Alexis holds the position of Group COO. He is also a venture partner at Atomico where he advises on new investments in France, Spain, Portugal and Eastern Europe, as well as sources and accelerates growth in the gaming, blockchain and travel verticals.

Lars Haussmann
Chair of the Audit Committee

Lars is the Head of Corporate Management and Company Administration at Haussmann Treuhand AG. He has extensive experience in corporate management, administration, and accounting matters in demanding and complex situations.

Ryan Lackey
Member of the Foundation Council

Ryan is a serial entrepreneur in the computer security space with a long history of involvement in digital cash and cryptography projects, starting from participation on the cypherpunks mailing list in the early 1990s. In addition to co-founding HavenCo, the world’s first offshore datahaven, in 2000 as a defense satellite contractor in Iraq, he built and then sold a trusted server computing startup to Cloudflare.

Michel Mauny
Chair of the TAC

Michel is Chief Scientific Officer at Nomadic Labs, on leave from INRIA (the French National Institute for Computer Science and Applied Mathematics), where he was a senior researcher and more recently Chief Executive Officer of the Inria Foundation.

Marylène Micheloud
Member of the Foundation Council

The first Swiss woman to have a Master’s degree in Computer Science from Geneva University, Marylène worked as a researcher, expert and professor. For eleven years, Marylène was the director of RERO, the Library Network of Western Switzerland (covering four universities and six Swiss cantons).

Hubertus Thonhauser
Chair of the IC

Hubertus is Managing Partner of Enabling Future, a family office backed VC firm investing in social impact creating tech companies. Previously he was co-founder of Babil Games, MENA regions leading mobile games publisher, acquired by Stillfront Group in 2016. Prior to 2010 Hubertus held various C-level and board roles in the regulated casino- and digital gaming industry.

Executive Committee

The Executive Committee is entrusted by the Foundation Council with the operational management of the Tezos Foundation.

Hubertus Thonhauser
Global Head of BD

Hubertus is Managing Partner of Enabling Future, a family office backed VC firm investing in social impact creating tech companies. Previously he was co-founder of Babil Games, MENA regions leading mobile games publisher, acquired by Stillfront Group in 2016. Prior to 2010 Hubertus held various C-level and board roles in the regulated casino- and digital gaming industry.

Ryan Lackey
Chief Security Officer

Ryan is a serial entrepreneur in the computer security space with a long history of involvement in digital cash and cryptography projects, starting from participation on the cypherpunks mailing list in the early 1990s. In addition to co-founding HavenCo, the world’s first offshore datahaven, in 2000 as a defense satellite contractor in Iraq, he built and then sold a trusted server computing startup to Cloudflare.

Ryan Jesperson
General Manager

Ryan is the Chair of the Tezos Foundation Council. Most recently he was the Chief Operating Officer of Divvy, a FinTech company. Ryan received a BS degree, cum laude, from Brigham Young University, and an MBA from the Fuqua School of Business at Duke University.

Ulrich Sauter
General Counsel

Ulrich has more than 23 years of experience as a lawyer primarily in capital markets, financial products and corporate law. He worked for many years as general counsel in the investment banking sector, but also in the banking and finance department of a major Zurich law firm, as an intern in a New York law firm and as an apprentice at the St. Gallen District Court. In addition to admittance to the Swiss bar, Ulrich holds a law degree from the University of St. Gallen and an LL.M. degree in corporate law from the New York University School of Law.

Roman Schnider
CFO, Head of Operations

Roman worked as an auditor and consultant with an Investment Banking focus at PwC for more than a decade. He built PwC Switzerland's Crypto Audit practice and served large financial institutions in Switzerland, Germany and Australia. Roman is a Swiss CPA and FINMA accredited auditor and holds a Bachelor's degree in business administrations from the University of applied sciences, St. Gallen

Foundation Committees

Executive Committee

Hubertus Thonhauser
Global Head of BD
Ryan Jesperson
General Manager
Ryan Lackey
Chief Security Officer
Ulrich Sauter
General Counsel
Roman Schnider
Chief Financial Officer, Head of Operations

Investment Committee

Hubertus Thonhauser
Chair
Ryan Lackey
Chief Security Officer
Lily Liu
Co-Founder of earn.com
Ulrich Sauter
General Counsel
Roman Schnider
Chief Financial Officer, Head of Operations

Audit Committee

Lars Haussmann
Chair
Ryan Jesperson
Chair of the Foundation Council
Ulrich Sauter
General Counsel
Roman Schnider
Chief Financial Officer, Head of Operations

Technical Advisory Committee

Michel Mauny
Chair
Jacob Arluck
Co-Founder of TQ Tezos
Bruno Bernardo
Research Engineer at Nomadic Labs
Adrian Brink
Co-Founder of Cryptium Labs
Benjamin Canou
Chief Technology Officer of Nomadic Labs
Jun Furuse
Director of Tezos Japan Foundation
Caleb Kow
President of Tezos Southeast Asia
Ryan Lackey
Chief Security Officer
Rob Witoff
Chief Technology Officer of Polychain Labs

Nomination Committee

Alexis Bonte
Member of the Foundation Council
Ryan Lackey
Chief Security Officer
Ulrich Sauter
General Counsel
Hubertus Thonhauser
Chair of the IC

Are you interested to understand our Grant Process?

Grant Process

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