SWIFT Blockchain Ledger Targets 40 Banks for Mid-2026 Go-Live

SWIFT, the global interbank messaging network, is building a blockchain-based shared ledger. More than 40 banks have joined the initiative. The system uses Hyperledger Besu, an open-source blockchain compatible with the Ethereum Virtual Machine (EVM), and integrates Chainlink. SWIFT targets live deployment by mid-2026. Over 25 institutions have committed to go live by June 2026.

ISO 20022 migration completed in November 2025In November 2025, SWIFT completed its migration to ISO 20022, a global standard for financial messaging. The standard replaces older MT message formats such as MT101. ISO 20022 supports richer data fields, including structured information required for digital asset and stablecoin settlement. Stablecoins are digital tokens pegged to a fiat currency such as the US dollar. The new standard enables banks to attach more detailed payment data to cross-border transactions.

"We've driven significant improvements since the G20 targets were introduced, especially between banks. And now we're taking that a step further, innovating and collaborating with both the public and private sectors to drive unified action on improving the end-to-end payments experience.", 11 March 2026. — Javier Pérez-Tasso, CEO, SWIFT 

XRP's position near the new infrastructureXRP is a digital asset issued by Ripple, designed for cross-border payment settlement. XRP is ISO 20022-compatible. Secondary sources report that SWIFT's interoperability pilot included RLUSD, Ripple's dollar-pegged stablecoin, and USDC. No official SWIFT statement names XRP as a direct component of the new ledger. The connection between XRP and the SWIFT infrastructure remains unconfirmed in any primary announcement from SWIFT or Ripple. In November 2025, SWIFT completed its migration to ISO 20022, a global standard for financial messaging. The standard replaces older MT message formats such as MT101. ISO 20022 supports richer data fields, including structured information required for digital asset and stablecoin settlement. Stablecoins are digital tokens pegged to a fiat currency such as the US dollar. The new standard enables banks to attach more detailed payment data to cross-border transactions.

"We've driven significant improvements since the G20 targets were introduced, especially between banks. And now we're taking that a step further, innovating and collaborating with both the public and private sectors to drive unified action on improving the end-to-end payments experience.", 11 March 2026. — Javier Pérez-Tasso, CEO, SWIFT 

XRP's position near the new infrastructureXRP is a digital asset issued by Ripple, designed for cross-border payment settlement. XRP is ISO 20022-compatible. Secondary sources report that SWIFT's interoperability pilot included RLUSD, Ripple's dollar-pegged stablecoin, and USDC. No official SWIFT statement names XRP as a direct component of the new ledger. The connection between XRP and the SWIFT infrastructure remains unconfirmed in any primary announcement from SWIFT or Ripple. "We've driven significant improvements since the G20 targets were introduced, especially between banks. And now we're taking that a step further, innovating and collaborating with both the public and private sectors to drive unified action on improving the end-to-end payments experience.", 11 March 2026. — Javier Pérez-Tasso, CEO, SWIFT 

XRP's position near the new infrastructureXRP is a digital asset issued by Ripple, designed for cross-border payment settlement. XRP is ISO 20022-compatible. Secondary sources report that SWIFT's interoperability pilot included RLUSD, Ripple's dollar-pegged stablecoin, and USDC. No official SWIFT statement names XRP as a direct component of the new ledger. The connection between XRP and the SWIFT infrastructure remains unconfirmed in any primary announcement from SWIFT or Ripple. XRP's position near the new infrastructureXRP is a digital asset issued by Ripple, designed for cross-border payment settlement. XRP is ISO 20022-compatible. Secondary sources report that SWIFT's interoperability pilot included RLUSD, Ripple's dollar-pegged stablecoin, and USDC. No official SWIFT statement names XRP as a direct component of the new ledger. The connection between XRP and the SWIFT infrastructure remains unconfirmed in any primary announcement from SWIFT or Ripple. XRP is a digital asset issued by Ripple, designed for cross-border payment settlement. XRP is ISO 20022-compatible. Secondary sources report that SWIFT's interoperability pilot included RLUSD, Ripple's dollar-pegged stablecoin, and USDC. No official SWIFT statement names XRP as a direct component of the new ledger. The connection between XRP and the SWIFT infrastructure remains unconfirmed in any primary announcement from SWIFT or Ripple. Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.