In a significant development for the global financial ecosystem, the ISO 20022 official website has listed an approved request related to Ripple’s Interledger Protocol (ILP), indicating potential interoperability with the SWIFT network.
This information was brought to light by crypto researcher SMQKE in a recent post on X, sparking discussions about the evolving integration between blockchain technologies and traditional financial systems.
ISO 20022 Approval Signals Institutional Recognition
The ISO 20022 messaging standard is the globally recognized framework for financial messaging across banking, securities, payments, and trade services. Managed by the Registration Management Group (RMG) and operated by SWIFT, this standard ensures uniformity and compatibility in data exchanges across the international financial community.
‼️ OFFICIAL: ISO 20022 SITE SHOWS APPROVED REQUEST TO ENABLE RIPPLE’S INTERLEDGER ON THE SWIFT NETWORK‼️
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— SMQKE (@SMQKEDQG) June 4, 2025
The recent listing on the ISO 20022 official site confirms that a registration request linked to Ripple’s Interledger Protocol has not only been submitted but formally approved, marking a key milestone in Ripple’s pursuit of regulatory-compliant integration into the global financial messaging ecosystem. While this does not confirm full integration, it marks a step towards enhanced interoperability between Ripple’s blockchain solutions and established financial networks.
This approval paves the way for ILP to be used in ISO 20022-compliant environments, including within the SWIFT messaging infrastructure. It also significantly enhances the interoperability of Ripple’s decentralized technology with established banking systems, which have long relied on SWIFT for secure cross-border transactions.
Notably, Ripple’s Interledger is not a cryptocurrency in itself but a protocol for value transfer across different payment networks, including digital asset systems and traditional ledgers. Its inclusion signals formal acknowledgment from international financial authorities of Ripple’s technological utility and maturity.
The Growing Intersection Between Ripple and SWIFT
While SWIFT and Ripple have long been portrayed as competitors in the global payments space, recent developments suggest a shift toward strategic complementarity rather than rivalry.
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The ISO 20022 registration effectively places Ripple’s technology within the standards framework operated by SWIFT, potentially allowing traditional financial institutions using SWIFT to interact seamlessly with Ripple-powered infrastructure. This includes the use of XRP as a bridge asset in On-Demand Liquidity (ODL) corridors, though the ILP’s broader utility extends beyond XRP alone.
What makes this development especially significant is the convergence it represents. SWIFT is amid its transition to ISO 20022-based messaging, with major global banks expected to complete the migration by 2025. The interoperability of Ripple’s protocol within this same framework suggests that banks and financial institutions can explore blockchain-based liquidity solutions without abandoning the systems they already trust and rely on.
Implications for the Future of Cross-Border Payments
The alignment between Ripple’s ILP and ISO 20022 standards holds significant implications for the future of cross-border payments. As financial institutions worldwide transition to ISO 20022, the potential interoperability with Ripple’s blockchain solutions could lead to more efficient, transparent, and cost-effective transactions.
This development also positions Ripple as a key player in the modernization of global payment infrastructures, bridging the gap between traditional banking systems and emerging digital technologies.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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