David Schwartz, the veteran Chief Technology Officer at Ripple and one of the founding minds behind the XRP Ledger, officially announced his transition to the role of CTO Emeritus after more than a decade of technical leadership within the company. 🧠⚙️

Schwartz had revealed in October 2025 his decision to step back from daily tasks to focus on his family and hobbies ❤️👨‍👩‍👧‍👦, while also confirming his continued support for Ripple in the long term. As part of his new step, he will join the Board of Directors of Ripple 🏛️ to continue contributing to the company's vision and strategic mission.

Throughout his career, Schwartz led the technological evolution of cross-border payment systems 🌍💸, supervised global engineering teams, and was a key pillar in building and developing the XRP ecosystem.

With this transition, Dennis Garrouch, Senior Vice President of Engineering, will lead the company's technical organization 👨‍💻📈.

And despite being distant from daily management, Schwartz reassured the XRP community by saying:

"I will not disappear from the XRP community... you haven't seen the last of me yet." 💪🔥

🚀 A step that reflects a seamless transition in leadership, while maintaining the expertise and vision that formed one of the pillars of Ripple's success.