Welcome Advisor Donald Donahue to Ripple Labs

Image courtesy of dtcc.com

Ripple Labs is pleased to announce that Donald Donahue, president and CEO of Miranda Partners, LLC and the former CEO of The Depository Trust & Clearing Corporation (DTCC), has joined us as an advisor to the company.

DTCC settles the vast majority of securities transactions in the United States every year, as well as processing nearly $1.7 quadrillion in value worldwide.

Donahue brings deep financial services infrastructure technology knowledge and security expertise to our team, and he is eager to help us continue to be the global leader in distributed payments technology.

Donahue has expressed his excitement about advising Ripple Labs:

“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.”

Previously, Donahue served as the CEO of Depository Trust & Clearing Corporation, leading DTCC’s efforts to help stabilize the financial system through the crisis of 2007-08. Donahue also worked with the U.S. Treasury Department and private-sector groups to improve physical and cyber security of the financial sector following the September 11th attacks.

Ripple Labs CEO and co-founder Chris Larsen is enthusiastic about the addition of Donahue to our team:

“I am excited to welcome Don to the Ripple Labs team,” said 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.”

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