Consensus2024: David Schwartz Discusses Ripple’s Future Endeavors
David Schwartz, the Chief Technology Officer (CTO) of Ripple and co-founder of the XRP Ledger, has announced his participation in Consensus2024, an event organized by CoinDesk. Schwartz is inviting the community to join him as he discusses Ripple’s new directions.
Consensus2024 will focus on institutional DeFi, including multichain interoperability, EVM programmability, and RWA tokenization. These topics highlight Ripple’s broader goal of enhancing the capabilities of the XRP Ledger and expanding its utility beyond its current offerings.
During his speech, Schwartz plans to unveil Ripple’s vision and roadmap for institutional DeFi on the XRP Ledger, alongside Phil Kwok, co-founder of the EasyA app. This significant development signifies Ripple’s strategic move towards bringing decentralized finance innovations to traditional finance, potentially transforming the financial landscape.
“Institutional DeFi” refers to the next generation of decentralized finance for financial institutions. It combines the stability and regulatory compliance of traditional finance with the efficiency and transparency of blockchain. J.P. Morgan’s analysis emphasizes the significance of this concept for the financial industry.
In addition to discussing Ripple’s plans for institutional DeFi, Schwartz clarified his crypto holdings, revealing that he held approximately 26 million XRP at his peak. He emphasized his commitment to XRP, stating that he has never sold any XRP to buy other cryptocurrencies.
Amelie, a prominent figure in the crypto community, expressed excitement about Schwartz’s upcoming discussion at Consensus2024. She believes Ripple’s entry into institutional DeFi could be a game-changer for the crypto industry, offering new opportunities for innovation and growth.
The crypto community eagerly awaits the new opportunities that institutional DeFi might bring, as Ripple continues to push the boundaries of blockchain technology. Will this be a turning point for Ripple in the DeFi market? What are your thoughts?