SWIFT Blockchain update plan XRP, HBAR, and ISO-compliant blockchains are in a race to compete for a multi-trillion-dollar market. The world’s top financial companies are looking to work with blockchain companies to find the best solutions. Every bank is on a journey to provide better services to its clients,” says SWIFT Chief Business Officer Thierry Chilosi.
SWIFT is working with 30 major banks and advising central banks to choose the best token and effective blockchain settlement model. Ripple and Hedera Hashgraph are already in SWIFT tests.
We are already planning to integrate a blockchain ledger into our system and are shaping its design together with 30+ global banks.
Thierry Chilosi says, To realize this benefit, we must work together.
The current testing phase is network-agnostic, meaning we can work across different blockchains. The focus is on interoperability, cross-chain capabilities, and cost-effectiveness. Hedera Hashgraph is performing strongly in live tests, as this chain is very fast and can process 10,000 transactions per second.
Table of Contents
SWIFT BlockChain Update Choice | Higher Limits Bigger Volumes?
SWIFT is conducting a test on On-Demand Liquidity (ODL) for Ripple’s XRP Ledger. This test could help Ripple (XRP) capture a portion of SWIFT $155 trillion annual trading volume. Ripple is currently significantly ahead in trading volume.
With a volume of $4.38 billion in spot markets, XRP’s strong position in the cross-border market is clear. Hedera Hashgraph (HBAR)’s trading volume is not as significant and is similar to other altcoins. Both OG altcoins, XRP and HBAR, are compliant with SWIFT’s new ISO 20022 global standard.
HBAR trading volume on Friday was $189 million, similar to XLM. XLM is also among the SWIFT candidates and has a slightly larger market capitalization. Despite this close competition, Hedera’s conference in Denver earlier this year shows that SWIFT is changing its strategy.
SWIFT Shocks the World | Live Bank Trials with Hedera in 2025
At the HederaCon 2025 conference in Denver, SWIFT Director of Industry Engagement, Alisa DiCaprio, said that merchants want B2B transactions to be settled instantly. Legacy banking systems, which take 3-4 days, are no longer a reliable option.
Thierry Chilosi echoed DiCaprio’s comments at the Sibos event, saying, To reap this benefit, we need to work together.
Q4 blockchain tests are now concluding, and SWIFT’s next updates will determine whether XRP or HBAR becomes SWIFT’s top choice.
- Bitcoin 107K Breaks Strong as Bulls Eye Big Win
- Trump Crypto ETF Targets BTC And ETH in 2025
- Metaplanet Bitcoin Purchase Sparks Explosive 1111 BTC Buy
- Hyperliquid Builder Codes Top $10M New Crypto Boom Coming?
- Bitcoin Hits $123K Ahead of Make-or-Break
- Stellar (XLM) Explained: Easy Guide for Beginners
- JPMorgan Launching Crypto-Backed Loans With BTC and ETH
- SYRUP Defies Market Trends After Upbit Listing
- SHIB Hype Fades While Remittix Rises as the Smarter Crypto Choice
- CryptoPunks NFT Sells for $2.5M as NFT Market Shows Fresh Momentum
- XRP Price Expansion Phase: Can Ripple Reach $7 in 2025?
- Cardano WLFI Stablecoin and Chainlink Partnerships
- Binance Futures Trading Paused: Market Prices Rattled
People Also Ask:
Recent SWIFT development involving XRP and HBAR?
SWIFT BlockChain Update completed its full migration to the ISO 20022 messaging standard in late 2025. This update encourages interoperability for blockchain networks like XRP Ledger (XRP) and Hedera (HBAR), making cross-border payments easier.
Why the ISO 20022 shift favors XRP and HBAR?
Both networks are fully compliant with ISO 20022. This means more data can be shared, settlements are faster, and it becomes easier to bridge between traditional banking and blockchain. This makes them top utility players, along with XLM, ALGO, and other cryptos.
ISO 20022 compliant cryptos?
Key cryptos include: XRP (Ripple), HBAR (Hedera), XLM (Stellar), ALGO (Algorand), XDC, IOTA, and QNT. These cryptos are designed for institutional payments and real-world use.
Direct cooperation with SWIFT?
SWIFT is currently testing blockchain interoperability through pilots and Chainlink integrations, but full cooperation is currently speculative. Networks are competing for SWIFT multi-trillion-dollar volume.
Who is likely to lead?
XRP is strong in institutional partnerships and liquidity, while HBAR excels in fast and enterprise governance. There’s no clear winner yet, but both are benefiting from the ISO 20022 upgrade and adoption is increasing.
