TRENDING: How Ripple is taking over SWIFT with XRP
Proof that Ripple is quietly rebuilding the SWIFT bank wire network from the inside out.
Chances are, if you are in XRP social media communities today, you are seeing a buzzing discussion about SWIFT, the largest international bank wire messaging system.
The excitement is understandable. Ripple’s treasury platform just gained its application provider listing inside SWIFT’s own partner ecosystem within the same directory that connects over 11,000 institutions across more than 200 countries.
Specifically, Ripple Treasury is a SWIFT Certified Partner Programme with hosting options for SWIFT’s Alliance Lite2 platform. Confirmed on both Ripple’s partner page and SWIFT’s official partner directory.
Banks using Ripple Treasury can also access official SWIFTRef data for IBAN and ABA routing number lookups.
Market Context
For context on the XRP Ledger’s massive opportunity in displacing international wires, it’s important to understand that SWIFT is not a payment system itself but rather a messaging network.
It tells banks what to pay, but it does not actually move the money. SWIFT itself admits, “We facilitate the transfer of value across the globe. We don’t actually move money.”
The actual settlement of funds happens through correspondent banking accounts. This web of bilateral nostro and vostro accounts that banks pre-fund in dozens of currencies around the world.
Nostro-vostro is where Ripple is quietly rebuilding the SWIFT network from the inside out.
SWIFT’S Digital Assets Strategy Director once said, “You must convey the payment instruction, the personal data over a secure channel. That part can be over SWIFT, and then the settlement of the funds between banks to facilitate that money transfer could be done using Ripple.”
Yes, SWIFT has a Digital Assets Strategy Director. Yes, he really said that.
I’ll dig more into why this catalyst is now ignited due to this week’s SWIFT news.
News
CFTC moves to assert prediction market authority over state regulators (Cftc.gov)
Coinbase $COIN receives conditional national trust charter (Coinbase)
IMF says tokenization depends on trust to maintain stability (Imf.gov)
Bank of Canada flags risks tied to Aave lending (BankofCanada)
ICBA opposes OCC approval of Coinbase trust bank charter (Icba.gov)
Rwanda bans crypto for payments and P2P use (X)
Nevada judge extends Kalshi ban (Reuters)
$RIOT Q1’26: BTC produced 1,473 -4% y-y | BTC sold 3,778 | BTC holdings 15,680 -18% y-y | HR 36.4 EH/s (GlobeNewsWire)
Soluna $SLNH closes on $53M Texas wind farm acquisition (SolunaComputing)
Web3 messaging platform Dmail is shutting down (Dmail)
Circle $CRCL plans wrapped bitcoin launch (Circle)
$SOFI rolls out ’Big Business Banking’ across crypto and fiat (Sofi)
Tether looks to close round at $500B valuation (TheInformation)
Charles Schwab $SCHW opens crypto account waitlist (CoinDesk)
Korean Investment & Securities explores Coinone stake (FinanceMagnates)
Bitchat removed from China Apple app store (X)
X adds safeguards around initial crypto-related posts (X)
Polymarket removes US rescue mission bets after backlash (X)
Polymarket launches traditional asset market with Pyth (Businesswire)
Nothing in this newsletter is financial or investment advice. We summarize news for informational and entertainment purposes only. We do not provide advisory services, guidance, or information regarding trading or investing. Past performance is not indicative of future results.
XRP Premium Analysis
Ripple is not trying to replace SWIFT. Ripple is becoming the settlement engine that SWIFT’s messaging system wants and needs.
SWIFT’s own executives have asked for it.
Just the fees involved in cross-border payments services are worth…