Ripple's veteran Chief Technology Officer David Schwartz announced he will reduce his daily operational duties after over ten years with the company, transitioning to a board position as "CTO Emeritus."
Schwartz, a principal architect of the XRP Ledger, revealed this change via social media, stating the move will enable more family time while maintaining involvement with XRP community initiatives.
"I remain committed to the XRP ecosystem. This isn't a departure - you'll continue seeing my contributions," he affirmed. "Recently I've been experimenting independently - operating my personal XRPL node with published data outputs, investigating alternative XRP applications beyond Ripple's core focus, and other technical explorations."
"I genuinely appreciate hands-on development - direct engagement with builders, programming for passion - and I'm enthusiastic about returning to these roots. Additional updates will follow shortly," Schwartz supplemented.
Ripple verified Dennis Jarosch, Senior Vice President of Engineering, will assume leadership of technical operations moving forward.
Schwartz began his Ripple tenure in 2011 as a cryptography specialist, contributing fundamentally to the XRP transaction infrastructure. His 2018 CTO appointment established him as a prominent XRP community advocate, defending the ledger's legitimacy during regulatory challenges and steering its technological advancement.
This executive reorganization coincides with Ripple's strategic expansion of RLUSD stablecoin integration into tokenized treasury markets and diversification of XRP Ledger functionalities beyond payment solutions.
XRP currently trades at $2.84, reflecting a 1.7% decline over the past 24-hour period.