Exclusive: David Schwartz Unveils Ripple’s Bold New Strategies at Consensus 2024
In an exclusive interview with Cryptonews’ Rachel Wolfson at Consensus 2024 in Austin, Texas, Ripple’s CTO David Schwartz provided a deep dive into the company’s latest innovations and plans.
From institutional DeFi developments to introducing multi-purpose tokens, Schwartz outlined a comprehensive vision for Ripple and the XRP Ledger (XRPL). Check out the full interview below, or read on for a quick recap.
Schwartz also provided insights into the evolving regulatory landscape and teased major announcements for the upcoming Apex event in June. Making it clear that all strategic moves aim to bridge the gap between traditional finance and DeFi, promising substantial growth and mass adoption of blockchain technology.
Schwartz detailed Ripple’s ambitious plans to promote institutional DeFi and ensure regulatory-compliant operations on decentralized blockchains. He clarified that this aims to integrate institutions with rigorous compliance needs into the DeFi ecosystem without sacrificing the core principles of decentralization.
“It’s kind of like our vision for how you can have institutions that have regulatory compliance issues that can operate on decentralized blockchains that are censorship-resistant and have no governance functions. They can still meet their regulatory compliance objectives and not be islands that can’t interoperate with real DeFi ecosystems.”
In addition, Ripple is making strides in tokenizing real-world assets, which will enable them to be used as collateral in DeFi applications. This initiative aims to combine the advantages of regulatory-compliant products with the flexibility of decentralized finance.
“Another example would be real-world asset tokenization, where these are regulatory-compliant
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