Lennon Sweeting is the CEO of RYKI, a regulated digital asset services firm that provides secure cryptocurrency solutions to institutions, gaming operators, high-net-worth individuals, and crypto-native businesses. Founded in 2020, RYKI offers services including crypto-fiat execution, institutional custody, lending, and treasury solutions. The company operates as a fully registered Virtual Asset Service Provider (VASP) with the British Virgin Islands Financial Services Commission (BVI FSC) and also holds licenses in the Cayman Islands and Canada.
Under Sweeting's leadership, RYKI has launched a dedicated service line for the global gaming industry, aiming to address the limitations of legacy payment infrastructures. He highlights that the iGaming sector, valued at approximately $88 billion in 2025 and projected to more than double by the early 2030s, has outgrown its traditional payment systems.
Sweeting emphasizes that digital asset payments are becoming increasingly vital, with crypto-funded wagers accounting for nearly 17% of all iGaming bets globally. He notes that many online operators already support cryptocurrency payments, yet face challenges like slow, costly cross-border settlements, foreign exchange spreads, and compliance friction with generic banking solutions.
RYKI's gaming service is designed to provide same-day cross-border settlement, institutional custody, and gaming-aware compliance through a single enterprise solution. Sweeting states that operators need a regulated counterparty that can settle quickly, custody securely, and clear compliance without surprises, a gap RYKI aims to close measurably and at scale. Since its founding, RYKI has executed over $1 billion in trades.
Career History
| Company | Role | Dates |
|---|---|---|
| RYKI | Chief Executive Officer (CEO) | – present |