Most investors watching for a formal Ripple-SWIFT deal are asking the wrong question. That’s the core claim from crypto researcher SMQKE (@SMQKEDQG), who laid out a case that XRP already moves through SWIFT’s network today, not through a headline partnership but through a chain of third-party technology vendors.
The ISO 20022 Foundation
SMQKE started the thread by pointing to ISO 20022, the messaging standard he said opens SWIFT’s network to new payment rails and digital asset activity. Notably, Ripple has been aligned with this standard since the start. He tied this to CBPR+, SWIFT’s cross-border payments initiative, and argued that aligning with CBPR+ lets services like Ripple participate in that framework.
He also referenced SWIFT’s new Transaction Management Platform, which he said moves the network from traditional messaging to API-based messaging, enabling blockchain and crypto transactions to flow through the system.
No Formal Partnership Needed
SMQKE also pointed out that XRP usage on SWIFT does not require a formal Ripple-SWIFT partnership. One of the images he shared shows that RippleNet receives SWIFT MT-type messaging through API bridges built by certified vendors, without SWIFT’s direct involvement.
In his view, competing narratives around projects like Chainlink or Linea are clickbait that distract from Ripple’s existing vendor integrations.
7 Notable Vendor Integrations
SMQKE then listed 7 companies that connect Ripple’s technology to SWIFT’s infrastructure. He named ACI Worldwide, Eastnets, Finastra, TAS Group, Temenos, Volante Technologies, and CGI. For each, he cited SWIFT’s CBPR+ attestation listings, which show the vendor’s application and compliance version.
On Finastra, SMQKE quoted Ripple’s Marcus Treacher, who said the Finastra partnership would “expand the reach and solutions for our partners.” SMQKE added that RippleNet had 200 financial institutions connected at the time, compared to SWIFT’s 11,000.
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For TAS Group, SMQKE highlighted the company’s Network Gateway product, which lists Ripple among its available network drivers alongside SWIFTNet and EBICS. For Volante, he cited the firm’s own statement that its platform “can be used to settle through XRP” via a Ripple connection.
For CGI, he pointed to a 2016 press release naming CGI as the first commercial enterprise to run a Ripple Validator Node, and to a 2025 industry report listing Ripple as a supported rail in CGI’s payments hub.
The Bigger Argument
SMQKE’s central point is that retail investors chasing exchange-listing rumors or single corporate announcements are missing where the real groundwork sits. These vendor relationships, built over several years, already give XRP multiple functional entry points into SWIFT’s messaging environment, regardless of whether SWIFT and Ripple ever sign a formal agreement.
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 advised to conduct thorough 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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