Symbiont, a New York-based blockchain startup, announced the appointment of former SEC Commissioner Daniel Gallagher and Todd Ruppert, former CEO and President of T.Rowe Price Global Investment Services, to its board of directors.

According to the official release, the new appointments will enable the company to see a blend of capital markets management and regulatory expertise to its expanding cabinet of industry veterans.

"Dan and Todd bring elements to Symbiont's DNA that will be critical to our mission of making capital markets safer, fairer and more efficient. We continue to show that our technology is unrivaled, and adding invaluable expertise to our leadership ensures we maintain our first-mover advantage," Mark Smith, CEO and co-founder of Symbiont said.

Daniel Gallagher was the Commissioner of U.S. Securities and Exchange Commission for four years and later served as President of Patomak Global Partners, a Washington-based regulatory consulting firm. On the other hand, Ruppert has more than three decades of experience in financial services to the smart contracts pioneer. Serving 27 years in T.Rowe, he formed Ruppert International, a global holding company with interests in disruptive technologies and financial services.

The company’s current board of directors includes former New York Stock Exchange CEO Duncan Niederauer, SenaHill Managing Partner Neil DeSena, and Celeridum Capital Management founder Shiv Govindan, apart from Symbiont CEO and co-founder Mark Smith, and President Caitlin Long.