Ripple Labs Names Donald Donahue as Advisor

Ripple Labs Names Donald Donahue as Advisor

Ripple Labs, the global leader in distributed payments technology and supporters of the Ripple protocol, today announced that it has named Donald Donahue, president and CEO of Miranda Partners, LLC and the former CEO of The Depository Trust & Clearing Corporation (DTCC), as an advisor to the company.

"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," Donahue remarked. "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."

Donahue is the President and CEO of Miranda Partners, a firm that provides risk-related consulting services to financial market infrastructure companies. He is also a consultant to the Institute for Defense Analyses, a private-sector think tank advising governmental agencies on national defense issues, supporting its work with the government to improve cybersecurity and infrastructure protection.

Previously, Donahue served as the COO and then CEO of DTCC, leading DTCC's efforts to help stabilize the financial system through the crisis of 2007-08. Formed by the merger of The Depository Trust Company and the National Securities Clearing Corporation, DTCC is the principal infrastructure organization supporting post-trade activities for the U.S. securities and derivatives markets, processing transactions worth more than $1.6 quadrillion annually. In this capacity Donahue also worked with the U.S. Treasury Department and other governmental and private-sector groups to improve physical and cyber security over the financial sector following the September 11th attacks.

In addition, Donahue sits on a number of Boards, including United Way of New York City, and the NYC Leadership Academy amongst others. He holds a B.A. from Columbia University.

"I am excited to welcome Don to the Ripple Labs team," said Ripple Labs CEO and co-founder Chris Larsen. "He has spent an entire career building, assessing and safeguarding the country's financial technology infrastructure. His insights will be invaluable as we continue to expand adoption of Ripple as payments infrastructure technology by financial institutions around the world."

Ripple Labs supports the adoption of Ripple, a distributed payments technology that connects the world's disparate financial networks to securely transfer funds in any currency in real time. Banks, money transmitters and clearing houses can use Ripple as an alternative to correspondent banking to facilitate straight-through processing with no reserve funding required.

About Ripple Labs

Ripple Labs is the global leader in distributed payments technology. The team supports adoption of Ripple, a technology that powers the free and instant exchange of anything of value, and the creation of an Internet of Value (IoV).

Named one of 2014's 50 Smartest Companies by MIT Technology Review, Ripple Labs' team of 100 is comprised of deeply experienced cryptographers, security experts, distributed network developers, Silicon Valley and Wall Street veterans. They contribute code to the open-source software, as well as develop tools for and recruit financial institutions and payment networks to use Ripple. The team shepherds a movement to evolve finance so that payment systems are open, secure, constructive and globally inclusive.

About Ripple

Ripple is an Internet protocol that interconnects all the world's disparate financial systems to power the secure transfer of funds in any currency in real time -- it enables an Internet of Value (IoV). As settlement infrastructure, Ripple transforms and enhances today's financial systems. Ripple unlocks assets and provides access to payment systems for everyone, empowering the world to move value like information moves today.

For more information about Ripple, please visit http://www.ripple.com


Related News

Ripple Appoints DTCC's Former CEO as Advisor

Digital currency startup Ripple Labs has appointed Donald Donahue, former CEO of the Depository Trust & Clearing Corporation (DTCC) as an advisor to the company. DTCC is the main clearing house for US securities and derivatives, processing more than $1.6 quadrillion in transactions per year. In his role as COO and then CEO, Donahue is thought to have led the DTCC's efforts in stabilising the financial system following the 2007-08 market crash. Donahue said in a company statement:

Another Finance Veteran Joins Ripple Labs as Advisor

Ripple Labs recently announced the inclusion of Donald Donahue, former CEO of The Depository Trust & Clearing Corporation (CDCC), into their long list of advisors. Like every time, the payment protocol company is hoping to bring a wealth of knowledge to its cross border transaction services. Donahue, who is nothing short of a veteran when it comes to settling vast amount of security transactions, promises to provide just the same to this emerging next-generation firm. As Ripple Labs acknowledges, "Donahue brings deep financial services infrastructure technology knowledge and security....

Former CEO of Depository Trust & Clearing Corporation Joins Ripple Labs as Advisor

Ripple Labs, the creators and developers of the Ripple network, have appointed Donald Donahue, former CEO of The Depository Trust & Clearing Corporation (DTCC), as an adviser. The new addition to the advisory board comes amid the digital currency startup's efforts to push adoption of the Ripple payment network onto banks and financial institutions. DTCC is one of the largest clearing houses of securities and derivatives in the United States, processing $1.6 quadrillion worth of transactions last year. It is also one of the largest clearing houses in the world. "I'm very interested in the....

Ripple Labs Names Former Obama Advisor to Board of Directors

Ripple Labs has named a former economic advisor to both former President Bill Clinton and current President Barack Obama to its board of directors. Gene Sperling served as director of the National Economic Council during the Clinton years. He was later made head of the economic advisory group under Obama after serving as an advisor to then-Treasury Secretary Timothy Geithner. He resigned from the directorship of the NEC in March of last year. In a statement, Sperling said that he looks forward to helping promote the Ripple network on a broader scale, noting: "I am excited to join Ripple....

Ripple Labs Appoints Former US State Department Official as Advisor

Image via Stanford University. San Francisco-based Ripple Labs, the startup behind the digital payment network Ripple, has appointed a former US State Department official as an advisor. Speaking about her new role, Anja Manuel said she was excited to build on Ripple's "impressive momentum" and looking forward to help it gain international traction. "Ripple is uniquely designed to lower both the costs and risks inherent to domestic and cross-border payment systems," she added. The former US State Department official said: "It has the potential to expand the global economy through increased....