Ripple Labs Recruits Ex-DTCC CEO Donald Donahue as Its Advisor

Monday, 01/06/2015 | 15:18 GMT by Jeff Patterson
  • Donald Donahue has joined digital currency maven Ripple Labs as its newest advisor, having come over from DTCC.
Ripple Labs Recruits Ex-DTCC CEO Donald Donahue as Its Advisor
Ripple

Digital currency firm, Ripple Labs, has brought in the former Depository Trust & Clearing Corporation (DTCC) CEO Donald Donahue as its newest advisor, according to a Ripple Labs statement.

Mr. Donahue presently serves as the president of risk consulting outfit, Miranda Partners, having previously led the DTCC in its stabilizing role of the financial system following the 2008 crisis.

Ripple is currently bidding to work with a number of international banks to rewire international money transfer business via fast and streamlined Exchange of its digital currency tokens in exchange for fiat currency.

According to Mr. Donahue in a recent statement on the advisory post, "I'm very interested in the capabilities distributed payment technologies seem to offer for improving the safety, soundness and cost effectiveness of global Payments and settlement infrastructures. Ripple is already a clear leader in this space; I'm looking forward to working with the Ripple Labs team to deliver on these exciting possibilities."

Last month, Ripple Labs raised $28 million in a Series A round backed by major China-based investors. Leading the round were IDG Capital Partners and the venture arms of CME Group and data storage company Seagate Technology.

Digital currency firm, Ripple Labs, has brought in the former Depository Trust & Clearing Corporation (DTCC) CEO Donald Donahue as its newest advisor, according to a Ripple Labs statement.

Mr. Donahue presently serves as the president of risk consulting outfit, Miranda Partners, having previously led the DTCC in its stabilizing role of the financial system following the 2008 crisis.

Ripple is currently bidding to work with a number of international banks to rewire international money transfer business via fast and streamlined Exchange of its digital currency tokens in exchange for fiat currency.

According to Mr. Donahue in a recent statement on the advisory post, "I'm very interested in the capabilities distributed payment technologies seem to offer for improving the safety, soundness and cost effectiveness of global Payments and settlement infrastructures. Ripple is already a clear leader in this space; I'm looking forward to working with the Ripple Labs team to deliver on these exciting possibilities."

Last month, Ripple Labs raised $28 million in a Series A round backed by major China-based investors. Leading the round were IDG Capital Partners and the venture arms of CME Group and data storage company Seagate Technology.

Topics
Ripple
About the Author: Jeff Patterson
Jeff Patterson
  • 5438 Articles
  • 101 Followers
Head of Commercial Content

More from the Author

Executives

FM's Andrea Badiola Mateos at LSEG's Cyprus event

FM's Andrea Badiola Mateos at LSEG's Cyprus event

FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event

FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
More Videos

  • The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar

    The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar

    The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams. 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don't miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams. 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don't miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

  • Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24

    Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24

  • 🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!

    🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!

  • 🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!

    🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!