Consensus2024: Ripple CTO Set to Reveal New Institutional DeFi Push

Published by

Elena R

May 30, 2024

Big news for the XRP community! David Schwartz, Ripple’s CTO and co-founder of the XRP Ledger, is set to take the stage at Consensus2024, a major crypto event organized by CoinDesk. Schwartz invites the community to join him as he reveals Ripple’s latest strategic plans.

A key topic at Consensus2024 will be institutional decentralized finance (DeFi). Discussions will cover multichain interoperability, EVM programmability, and real-world asset (RWA) tokenization. These topics highlight Ripple’s efforts to enhance the XRP Ledger and expand its use.

Could this be the game-changer XRP holders have been waiting for?

Ripple’s Future Plans

Schwartz teased that during his speech, he will unveil Ripple’s vision and roadmap for institutional DeFi on the XRP Ledger alongside Phil Kwok, co-founder of the EasyA app.

Understanding Institutional DeFi

Simply put, “Institutional DeFi” is the next generation of decentralized finance for financial institutions. It combines traditional finance’s stability and regulatory compliance with blockchain’s efficiency and transparency. J.P. Morgan’s analysis of its bigger potential highlights how important it is for the financial industry.

Schwartz’s XRP Holdings

In addition to all of this, Schwartz also shared details about his crypto holdings, disclosing that he once held around 26 million XRP. He emphasized his commitment to XRP, noting that he has never sold any XRP to buy other cryptocurrencies.

Community Buzz is High!

Amelie, a well-known figure in the crypto community, expressed her excitement on social media about Schwartz’s upcoming talk at Consensus2024. She believes Ripple’s move into institutional DeFi could be a major innovation for the industry, bringing new opportunities for growth.

The crypto community is eager to see what institutional DeFi might bring as Ripple continues to innovate in blockchain technology.

The excitement within the XRP Community is high—could this be a turning point for Ripple in the DeFi market? All eyes are on Consensus2024.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.