Players/Report #82

Ripple Labs / XRPL / On-Demand Liquidity

The Permissioned-Consensus Bridge Architecture

Founded 2012 (originally OpenCoin) by David Schwartz, Jed McCaleb, Arthur Britto. Currently led by Brad Garlinghouse (CEO) and Chris Larsen (executive chairman).

Also in Report #82

ISO 20022 + SWIFT CBPR+ Hard Cutover (Nov 22 2025)The Messaging-Layer Substrate HandoffProject Meridian + Synchronisation Operator (BIS + BoE)The Ledger-Agnostic Atomic Settlement ArchitectureDTCC Project Ion + R3 CordaThe Apex Entity Absorbing DLT DomesticallyRLUSD + Ripple National Trust BankStructural Absorption Into Federal Banking PerimetGENIUS Act + FinCEN/OFAC Implementing NPRMThe Privatized CBDC Regulatory PerimeterSEC v. Ripple Labs — Judge Torres + Bifurcated HoweyThe Bureaucratic-Friction Litigation, Not ChoreogrAtkins SEC + Project Crypto + March 17 2026 Interpretive ReleaseThe Doctrinal Pivot — Enforcement to Policy-DraftiRipple CBDC Platform — Palau / Bhutan / MontenegroSovereign-Substrate Integration Footprint
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