Ripple's CTO David Schwartz Steps Down, Remains as CTO Emeritus
Ripple's Chief Technology Officer (CTO), David Schwartz, has announced his plans to step down from his role at the end of 2025. However, he will continue to shape the company's future as CTO Emeritus and a member of its Board of Directors. This news comes as the XRP ecosystem gains momentum, with renewed institutional interest and major exchanges adding Ripple's stablecoin, RLUSD, to their trading pairs.
Schwartz, who co-created the XRP Ledger (XRPL) in 2011, has led Ripple's strategy around blockchain scalability, cross-border payments, and ecosystem building since 2018. His departure, after 13 years at the company, is set to occur at the end of 2025. Despite stepping down as CTO, Schwartz will remain closely involved in Ripple's future, taking on the role of CTO Emeritus and joining the Board of Directors.
The XRP ecosystem is buzzing with anticipation for spot ETF approvals, with the REX-Osprey XRP ETF (ticker XRPR) already trading in the U.S. The recent SEC verdict has cleared regulatory uncertainty, triggering renewed institutional interest in XRP. On-chain metrics and XRPL developments suggest that momentum is gathering behind XRP, with major exchanges showing support by adding RLUSD trading pairs.
David Schwartz's continued involvement as CTO Emeritus and a member of the Board of Directors ensures that Ripple will benefit from his expertise and vision. The XRP ecosystem's growing momentum, driven by regulatory clarity and increased institutional interest, positions Ripple for further success in the blockchain and cryptocurrency space.
Read also:
- Unveiling the Less-Discussed Disadvantages of Buds - Revealing the Silent Story
- Grid Risk Evaluation Strategy By NERC Outlined, Focusing on Potential Threats from Data Centers
- Rapid Expansion in Organic Rice Protein Market Projected at 15.6% Through 2034
- Vantor & Lanteris Fuel US Intelligence with Innovative Tech
