XRP News Today: SWIFT Adopts ISO 20022 for Faster Global Transactions by 2025

SWIFT, the global financial messaging network, is undergoing a significant transformation with the adoption of ISO 20022, a new standard for financial messaging. This shift, which began in 2018, aims to replace the outdated MT format with an XML-based messaging system that supports more detailed and comprehensive transaction data. The full adoption of ISO 20022 is expected by November 2025, marking a pivotal moment in the evolution of global finance.

The transition to ISO 20022 is not merely a technical upgrade but a comprehensive overhaul of how money moves across borders. This new standard promises faster, more transparent, and data-rich transactions, enabling enhanced automation, improved regulatory compliance, and more precise transaction tracking. However, the readiness of financial institutions varies, with less than half of SWIFT-connected institutions having achieved full compliance as of mid-2025. This underscores the urgent need for swift action to modernize legacy systems.

ISO 20022 is set to revolutionize the financial landscape by allowing institutions to leverage richer data for fraud detection, operational optimization, and innovation. This includes real-time payments and the integration of digital assets. Major institutions like State Street have recognized the importance of ISO 20022 in staying competitive in the evolving financial ecosystem. The scale of global adoption means that banks and payment networks must quickly adapt or risk falling behind.

Ripple’s XRP Ledger stands out in this transition due to its native compatibility with ISO 20022. Ripple joined the ISO 20022 standards body in 2020 and aligned its technology with these standards, positioning XRP as a leader in modern finance. This readiness is evident in RippleNet’s performance, which processed over $1.3 trillion in payments across more than 300 financial partners in 2025. With transaction finality in seconds, near-zero fees, and 24/7 availability, XRP is already delivering on the promises that ISO 20022 seeks to unlock.

The recent upgrade of the Federal Reserve’s Fedwire system to ISO 20022 further highlights XRP’s relevance. Analysts believe that Ripple’s infrastructure, bolstered by partnerships like Volante Technologies, positions XRP to play a key role in the future financial system post-ISO 20022 migration. While SWIFT continues to evolve, including through its GPI initiative for faster payments, ISO 20022 opens the door to blockchain-based solutions such as XRP. For financial institutions, the choice is becoming clear: modernize legacy systems or embrace decentralized networks that already meet the new standards.

Captain Redbeard, a prominent voice on X, recently highlighted the significance of this transition, noting that XRP is uniquely positioned to thrive in the new financial era. The adoption of ISO 20022 represents a major overhaul of the global financial system, and XRP, with its advanced technology and readiness, is built for this transformation. As the financial landscape continues to evolve, XRP’s strategic advantage in ISO 20022 compatibility positions it as a key player in the future of global finance.