Role XRP Can Play In SWIFT Digital Asset Integration

Crypto researcher SMQKE (@SMQKE) recently highlighted key developments in SWIFT’s adoption of digital assets, citing several documents that provide insight into the global payments network’s direction.

These sources indicate that SWIFT will integrate digital asset functionality into its live network in 2025, marking a significant step toward real-world transaction adoption.

SWIFT’s Move to Digital Assets

According to the documents, SWIFT is preparing for a major shift by enabling digital asset transactions beyond proof-of-concept trials. The initiative will involve real-world transactions in major currencies, processing trillions of dollars daily. This represents the first time SWIFT will extend its infrastructure to accommodate digital assets at scale.

One of the images shared by SMQKE outlines targeted pilots planned for 2025 that will move beyond the sandbox environment, testing real-world transactions with input from SWIFT members.

No Competition With Cryptocurrency Providers

A key point in the findings is SWIFT’s stance on digital assets. The organization has confirmed that it will not issue a cryptocurrency, unlike some financial institutions that have pursued native digital currencies. Instead, SWIFT is positioning itself as a facilitator rather than a competitor to existing blockchain-based services.

In particular, SWIFT recognizes the role of networks like the XRP Ledger (XRPL), whose digital asset XRP is already used in cross-border payments. The network will be able to support banks and institutions that choose to use digital assets, providing compatibility without directly entering the market as a competitor.

Intriguingly, the Office of the Comptroller of the Currency recently announced the removal of restrictions on banks looking to use digital assets, exciting the community as adoption could soon rise sharply.

The Importance of ISO 20022 Compliance

Another document underscores the relevance of ISO 20022-compliant cryptocurrencies in SWIFT’s evolving strategy. Compliance with ISO 20022, a messaging standard for financial transactions, is expected to improve regulatory acceptance and enhance interoperability with traditional financial institutions.

SMQKE noted that ISO 20022-compliant cryptocurrencies have a greater likelihood of integration into centralized payment systems. The standard enables faster and more cost-efficient cross-border payments, making compliant assets attractive to financial networks seeking streamlined solutions.

The documents highlight how compliance with ISO 20022 helps digital assets align with regulatory expectations, increasing their trustworthiness among traditional players.

A Strategic Shift for SWIFT

These developments confirm that SWIFT is evolving its infrastructure to accommodate digital assets in a way that aligns with existing financial systems. By enabling real-world transactions, supporting ISO-compliant cryptocurrencies, and maintaining its role as a neutral facilitator, SWIFT is preparing for a new phase of financial integration.

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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