{"id":22598,"date":"2024-06-11T23:30:37","date_gmt":"2024-06-11T20:30:37","guid":{"rendered":"https:\/\/coinengineer.io\/?p=22598"},"modified":"2024-06-11T20:29:37","modified_gmt":"2024-06-11T17:29:37","slug":"ripple-welcomes-jack-mcdonald-as-svp","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ripple-welcomes-jack-mcdonald-as-svp\/","title":{"rendered":"Ripple&#8217;s Strategic Acquisition: Welcomes Industry Veteran Jack McDonald as SVP"},"content":{"rendered":"<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 juice:w-full juice:items-end overflow-x-auto gap-2\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"e1fc6c8d-01a3-4178-8f59-67641e77a2c2\">\n<div class=\"flex w-full flex-col gap-1 juice:empty:hidden juice:first:pt-[3px]\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>After Standard Custody CEO <strong>Jack McDonald<\/strong> joined the company as <strong>senior vice president (SVP)<\/strong>, Ripple CEO Brad Garlinghouse earlier this Tuesday greeted him with a &#8220;big welcome.&#8221;<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/ripple-welcomes-jack-mcdonald-as-svp\/#A_Warm_Welcome_and_Industry_Expertise\" title=\"A Warm Welcome and Industry Expertise\">A Warm Welcome and Industry Expertise<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/ripple-welcomes-jack-mcdonald-as-svp\/#Strategic_Acquisitions_and_Future_Plans\" title=\"Strategic Acquisitions and Future Plans\">Strategic Acquisitions and Future Plans<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"A_Warm_Welcome_and_Industry_Expertise\"><\/span>A Warm Welcome and Industry Expertise<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><strong>Garlinghouse<\/strong> said McDonald was not unfamiliar with the XRPL environment, and personally, he is &#8220;thrilled&#8221; to have him on his team.<\/p>\n<p><strong>McDonald<\/strong> claims almost thirty years of finance industry expertise. In 2000, he was named managing director of UBS Investment Bank. In 2014, McDonald was appointed president and CEO of Conifer Financial Services.<\/p>\n<p>Additionally leading PolySign, a fintech company founded by David Schwartz and Arthur Britto of Ripple, is Digital Asset Custodian Standard Custody, PolySign&#8217;s subsidiary.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Strategic_Acquisitions_and_Future_Plans\"><\/span>Strategic Acquisitions and Future Plans<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to U.Today, <strong>Ripple<\/strong> revealed its intention to buy Standard Custody in February in order to increase the range of regulatory licenses it carries. Less than a year has passed since the transaction paid $250 million for cryptocurrency custody based in Switzerland.<\/p>\n<p>The company also revealed in January its intention to enter the very saturated stablecoin industry with its own dollar-backed cryptocurrency initially running on the XRP Ledger and Ethereum. According to U.Today, Monica Long, the president of Ripple, recently projected that the stablecoin initiative would launch this year.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/apple-intelligence-unveiled-ai-for-ios-ipados-macos\/\"><em><span style=\"font-weight: 400;\">This Might Interest You:\u00a0<\/span>Apple Intelligence Unveiled : AI for iOS, iPadOS, macOS<\/em><\/a><\/p>\n<p>Based on its Tuesday release, Ripple has already closed the Standard Custody contract. McDonald, appointed SVP of stablecoins for the business, will also continue to be Standard Custody&#8217;s CEO.<\/p>\n<p>Based on a recent blog post, the company&#8217;s solid financial situation lets it maybe keep its intense acquisition frenzy going.<\/p>\n<p><a href=\"https:\/\/t.me\/coinengineernews\"><em><span style=\"font-weight: 400;\">Click here to get the latest news from Coin Engineer! <\/span><\/em><\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>After Standard Custody CEO Jack McDonald joined the company as senior vice president (SVP), Ripple CEO Brad Garlinghouse earlier this Tuesday greeted him with a &#8220;big welcome.&#8221; A Warm Welcome and Industry Expertise Garlinghouse said McDonald was not unfamiliar with the XRPL environment, and personally, he is &#8220;thrilled&#8221; to have him on his team. McDonald<\/p>\n","protected":false},"author":6,"featured_media":22599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1],"tags":[1648,6780,509],"class_list":["post-22598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-genel","tag-brad-garlinghouse","tag-jack-mcdonald","tag-ripple"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ripple&#039;s Strategic Acquisition: Welcomes Industry Veteran Jack McDonald as SVP - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ripple-welcomes-jack-mcdonald-as-svp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple&#039;s Strategic Acquisition: Welcomes Industry Veteran Jack McDonald as SVP - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"After Standard Custody CEO Jack McDonald joined the company as senior vice president (SVP), Ripple CEO Brad Garlinghouse earlier this Tuesday greeted him with a &#8220;big welcome.&#8221; A Warm Welcome and Industry Expertise Garlinghouse said McDonald was not unfamiliar with the XRPL environment, and personally, he is &#8220;thrilled&#8221; to have him on his team. 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