Ripple Swell, the annual conference hosted by payments company Ripple, kicks off today in Miami and runs from October 15 to 16. This event brings together Ripple’s partners and customers for discussions.
During the conference, Ripple’s General Counsel, Stuart Alderoty, shared the stage with Adrienne Harris, the head of the New York Department of Financial Services (NYDFS). Harris announced that the NYDFS has formed a dedicated team of approximately 60 professionals specifically focused on cryptocurrency.
Fox Business journalist Eleanor Terrett wrote on X: “Harris says the NYDFS now has a team of about 60 people specifically focused on #crypto.”
Social media users noticed an interesting coincidence as the company is currently awaiting regulatory approval from the New York Department of Financial Services (NYDFS) for this launch.
Key insights on digital assets and tokenization
Andrew Czupek, Senior Vice President and Head of Digital Assets at Northern Trust, spoke about the importance of traditional technology infrastructure in unlocking the full potential of digital assets. He compared the current situation to the electronic trading revolution of the 1980s and explained that the mass adoption of digital assets will take time.
In a panel discussion alongside James Wallis, Graham, CEO of Archax, discussed the impact of digital ETFs on the market. He pointed out that while tokenization took some time to gain traction, it is now clear that real-world use cases are beginning to emerge, with users around the world beginning to experience the benefits.