“Swell has historically been where Ripple makes its most significant product and partnership announcements.”
Bank Executives and $XRP Developers Take the Stage
Executives including Ripple CEO Brad Garlinghouse, CME Group CEO Terrence Duffy, and Bullish CEO Tom Farley appear on the published Swell agenda with discussions spanning digital asset markets and financial infrastructure. Matt Damon and Gary White, co-founders of Water.org, will also speak. Tokenization sessions will examine how assets can be represented on a blockchain.
David Schwartz, Ripple’s chief technology officer emeritus, and Ayo Akinyele, senior director of engineering at RippleX, will discuss the $XRP Ledger’s future. RippleX is Ripple’s team supporting development on the network. Other technical sessions cover security, privacy, and formal verification, a mathematical method for checking software behavior.
Stablecoins, digital assets designed to track a reference value, feature in discussions about payments and institutional finance. Sessions will compare individual issuers with consortium models and explore applications involving Ripple USD, or $RLUSD.
$RLUSD Custody Connects Banks With Blockchain Markets
Ahead of those discussions, eligible institutions can safeguard $RLUSD issued on the $XRP Ledger through Standard Chartered’s $RLUSD custody service, launched Oct. 12. The service operates through the bank’s branch in the Dubai International Financial Centre, a financial hub in the United Arab Emirates.
Licensing requirements influence how institutions assess stablecoins for payments, settlement, and corporate fund management. Ripple outlined differences in stablecoin oversight in September, explaining how reserve, capital, and supervisory obligations affect token backing and holder protections.
Under a planned collateral arrangement with LMAX Group, an institutional trading venue operator, eligible $RLUSD holdings would support trading while remaining in Standard Chartered’s custody. Their value would be reflected at LMAX without transferring the tokens there. Standard Chartered noted that the agreed capabilities depend on documentation, testing, applicable laws and regulations, internal approvals, and jurisdictional readiness.
