Swift is an absolute giant. They have over 11,500 institutional clients tied back to their network. And this is the dominant network where money is moving over it every single day. And this is the global rails essentially. This is one of the dominant players around our global financial systems rails.And they are innovating. They are changing the way that they are moving money. Now, I will say this, Swift basically just gave the green light to XRP and the entire space, but not in the way that most people are ...

Ant International, HSBC and Swift say they have tested a new cross-border payment solution.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The initiative involved the cross-border transfer of tokenized deposits usi ...

Ant International, HSBC and Swift have successfully tested cross-border transfers of tokenised deposits using an international financial messaging standard, in a move that could streamline global blockchain-based payments and corporate treasury management. The milestone, announced on Thursday, marked the first case leveraging the Swift network and ISO 20022 as a messaging standard in cross-border payments using tokenised deposits. The standard is a universal language for exchanging electronic data in fi ...

Core Insights - Ant International, HSBC, and Swift have successfully completed a Proof of Concept (POC) for cross-border transfer of tokenised deposits using ISO 20022 standards [1] - The initiative utilizes Swift's global messaging network, HSBC's Tokenised Deposit Service, and Ant International's blockchain technology [1] - This POC represents a significant milestone in the collaboration between these companies to enhance the benefits of tokenisation for businesses [1] Company Summaries - Ant International is leveraging its blockchain technology in collaboration with HSBC and Swift to facilitate cross-border transactions [1] - HSBC has launched a Tokenised Deposit Service that plays a crucial role in this POC, indicating its commitment to innovation in financial services [1] - Swift's global messaging network is integral to the success of this initiative, showcasing its importance in the evolving landscape of financial transactions [1]

Core Insights - ISO 20022 has become the universal standard for financial messaging, replacing SWIFT's legacy format on November 22 [1][5] - The integration of stablecoins and tokenized deposits is a significant advantage of the new standard, allowing for a broader range of digital asset transactions [1][5] - Not all stablecoins are equally integrated into ISO 20022 systems, highlighting the need for standardized identifiers for effective use [5][6] Summary by Sections How ISO 20022 Treats Stablecoins - ISO 20022 is asset-agnostic, allowing for the description of various settlement assets, including traditional fiat transfers, tokenized swaps, and stablecoin payments [2] - The standard does not endorse or prohibit any specific stablecoin, functioning instead as a messaging language for banks and market infrastructures [2] Identifier Codes for Crypto - The traditional ISIN system is being supplemented by ISO 24165, which provides unique alphanumeric codes for blockchain-based digital assets [3] - Most mainstream stablecoins now possess Digital Token Identifiers (DTI) for each instance across different networks, facilitating their identification [3] Compliance and Integration - The notion that some blockchains are compatible with ISO 20022 while others are not is misleading; the focus should be on whether a stablecoin can be clearly identified within ISO 20022 flows [6] - For deep integration into traditional finance, stablecoins require universally accepted DTI registrations that are mapped to an official ISIN [6]

We have been following all of the big policy updates around crypto for the last 12 plus months. One of the biggest things that we have been waiting for is the Clarity Act, right. The Clarity Act is definitely a big one that we have been focused on.Um, and on top of that, the Genius Act got fully passed through. everyone's now talking about ISO 2082, which you know, this is what this video is going to mainly be about. We're gonna focus on that standard and what's actually going on.Um, but also, if we just go ...

ISO 20022 Standard & Timeline - ISO 20022 is a standard for financial messaging that aims to modernize and improve data transmission between financial institutions [1][2] - The shift to ISO 20022 began in November 2022, with a coexistence period ending on November 22nd, marking a significant upgrade in payment infrastructure [6][7][9] - By September, 60%+ of daily payment instruction messages were already using ISO 20022, indicating substantial adoption [10] - The complete migration for all SWIFT-enabled banks is expected by November 2025 [24] Ripple & XRP's Role - Ripple is compliant with ISO 20022 standards, positioning it favorably for integration into global financial networks [2][15][38] - ISO 20022 makes it easier to implement Ripple payments because banks are upgrading their systems to handle ISO 20022 for cross-border payments [18] - Ripple's acquisitions, such as Hidden Road (connecting to 300 institutional players) and G Treasury (connected to 13,000 banks), enhance its potential integration with SWIFT and the broader financial ecosystem [31][32][34] Impact on Financial Institutions & Crypto - ISO 20022 mandates that financial institutions upgrade their systems to accommodate new technologies, including crypto, which can open institutional floodgates [13][14][37] - The standard simplifies connections between networks, enhances interoperability, and automates processes, benefiting tokens positioned as banking infrastructure [5] - Smaller banks can benefit from ISO 20022 adoption by cutting out larger correspondent banks from their flow and cost [23] - The adoption of ISO 20022 facilitates the integration of crypto projects into global financial networks, particularly for cross-border payments and remittances [14]

📊 MARKET WATCH: Pi Network joins the ISO 20022 race alongside Ripple and Stellar.Will its massive community be enough to compete with established blockchain payment leaders? https://t.co/SuEHT1Jgbv ...

Crypto Market Legitimacy & Adoption - The crypto market is becoming increasingly legitimate, with 2025 seen as a pivotal year for mainstream recognition [1][2][3] - Stablecoin adoption is surging, exceeding $300 billion in market cap and representing over 1% of the M1 supply [4][5] - Stablecoin holders are approaching 200 million, indicating rapid adoption, with nearly 100 million new holders added in roughly 9 months of 2024 [7][8] - Major companies like Google are supporting stablecoins, integrating them into AI applications, signaling the convergence of TradFi/Web2 and Web3/DeFi [10][11] Ripple & Cross-Border Payments - Ripple is expanding its stablecoin offerings and network, attracting institutional interest and demand [19] - Thunes, a global payment platform, has partnered with Ripple and expanded into Saudi Arabia to roll out real-time cross-border payments [12][13] - Thunes' network includes 133 countries, 80 currencies, 4 billion bank accounts, 3 billion mobile wallet accounts, and 1.1 billion cards [15] - Swift confirms it will not generate digital assets, positioning its network to support assets like XRP instead of competing [30] Stablecoin Transaction Volume & Future Trends - Stablecoins are experiencing significant monthly transfer volumes, averaging $2 to $3 trillion, with peaks reaching nearly $4 trillion in December [17] - Ripple's XRP could potentially process 14% of Swift's global volume, estimated at $150 trillion annually, translating to $21 trillion yearly volume flowing through the XRP ledger [26][27][28] - ISO 20022 is identified as a key enabler for bridging traditional and decentralized finance, improving data and mandating the adoption of new technologies for efficient cross-border payments [35][36][37][38] - A Standard Chartered executive stated that ISO 20022 can be used to bridge between traditional and decentralized finance [37]

Over the last couple years, we have talked about how the future of crypto will not be dead set by just one network. That we are headed into a multi-chain future. And this has actually allowed us to come to the realization that some of these projects can work together. This is also why I said for years the argument of which one of these projects are better than the other, it's just nonsense. It's it's a low IQ discussion. So when we think about that, right, I've always said that XRP and H bar, these two can ...