SWIFT has initiated tests of Ripple’s XRP Ledger and Hedera’s Hashgraph for blockchain-based cross-border payments, aiming to enhance efficiency and interoperability.

Growth in Blockchain Integration

The objective is to better integrate blockchain technology into existing banking systems. ISO 20022 guidelines could revolutionize international money transfers and receptions.

XRP and HBAR are tailored for rapid, scalable, and energy-efficient cross-border transactions. XRP boasts almost instantaneous settlement times and enjoys backing from the financial sector; it processes around 1,500 transactions per second with minimal energy usage.

HBAR employs a hashgraph consensus mechanism to facilitate over 10,000 transactions per second while maintaining low energy consumption and robust corporate governance.

Evaluating these assets aims at optimizing asset transfers and tokenization within the global financial landscape. This endeavor could benefit not only SWIFT but also XRP and HBAR, through increased institutional endorsement that fosters greater adoption.

Institutional and Regulatory Interest in Blockchain

SWIFT’s tests reflect a growing awareness among institutions regarding blockchain’s potential applications in financial procedures. The experiments illustrate the interoperability of blockchain-based solutions and their integration into existing frameworks.

While SWIFT has not declared any long-term commitment to any specific blockchain technology, testing multiple platforms underscores the evolving nature of the industry and the need for flexibility.

Increased Stablecoin Usage in Japan

In August 2025, Ripple and SBI Group announced a MoU through SBI VC Trade, detailing their plan to distribute Ripple USD (RLUSD) within Japan. This partnership is expected to boost stablecoin utility in the country and hasten industry advancements.