Ripple CTO David Schwartz to Step Back, Joins Board

Ripple confirmed that Dennis Jarosch, the firm’s elder vice president of engineering, volition pb method operations going forward.

Updated Oct 1, 2025, 6:08 a.m. Published Oct 1, 2025, 6:08 a.m.

Ripple’s longtime main exertion serviceman David Schwartz said Tuesday helium volition measurement backmost from regular responsibilities aft much than a decennary astatine the company, moving into a committee relation arsenic “CTO emeritus.”

Schwartz, 1 of the archetypal architects of the XRP Ledger, announced the modulation successful a X post. He said the determination volition let him to walk much clip with household portion staying progressive successful the XRP community.

“I’m not going distant from the XRP community. You haven’t seen the past of maine (now, oregon ever),” helium posted. “The past fewer months I’ve been tinkering connected the broadside – spinning up my ain XRPL node and publishing its output data, researching different usage cases for XRP (besides what Ripple is focused on), and more.”“I genuinely bask this portion — getting my hands dirty, talking to builders, coding for the axenic emotion of it — and I’m truly excited to get backmost to that. More to travel connected this precise soon, I’m sure<” Schwartz added.Ripple confirmed that Dennis Jarosch, the firm’s elder vice president of engineering, volition pb method operations going forward.

Schwartz joined Ripple successful 2011 arsenic a cryptographer, helping plan the ledger that underpins XRP transactions. He was promoted to CTO successful 2018 and has since go 1 of the astir recognizable voices successful the XRP community, defending the ledger’s relation against critics and guiding its improvement done regulatory battles and method upgrades.

The enactment shuffle comes arsenic Ripple positions RLUSD, its stablecoin, deeper into tokenized treasury markets and expands the XRP Ledger’s usage cases beyond payments.

XRP was past trading astatine $2.84, down 1.7% successful the past 24 hours.

XRP Holds $2.85 After 3% Swing arsenic ETF Hopes Dented by Profit-Taking

Aggressive bids carried terms to $2.91 earlier merchantability unit capped gains. Late-hour betterment showed algorithmic buying into absorption astatine $2.85.