SWIFT checks blockchain ledger with 17 banks as XRP Ledger’s 14-year settlement report returns to market focus.
SWIFT has introduced a blockchain-based ledger for tokenized cross-border funds. Seventeen banks are getting ready to check tokenized deposits by way of the pilot.
The ledger was inbuilt 9 months and is now prepared for financial institution testing. It goals to assist 24/7 funds by way of SWIFT’s safe messaging community.
The launch has drawn consideration from XRP Ledger supporters and wider crypto market analysts. XRPL has been settling transactions since 2012, giving it an extended public working report.
The talk now facilities on pilots, manufacturing techniques, and institutional fee rails. Banks linked to Ripple exercise are additionally listed amongst SWIFT’s pilot contributors.
SWIFT Brings Tokenized Deposits Into Testing
SWIFT mentioned its new ledger will assist tokenized cross-border funds between banks.
The challenge combines distributed ledger expertise with SWIFT’s present messaging system. Because of this, banks can check tokenized deposits inside acquainted fee rails.
The pilot consists of ANZ, BNP Paribas, BNY, Citi, DBS, and HSBC. It additionally consists of Commonplace Chartered, UOB, Wells Fargo, and a number of other different world banks.
Collectively, these corporations will check round the clock tokenized fee flows. SWIFT mentioned the ledger can enhance liquidity use and money movement visibility.
It additionally goals to assist simpler recognition of tokenized cash between establishments. Future use instances might embody programmable cash and automatic commerce.
XRP Ledger Observe File Enters the Dialogue
The SWIFT announcement has renewed comparisons with the XRP Ledger.
XRPL has operated since 2012 and has processed a couple of billion transactions. Supporters level to that historical past as a reside settlement report.
BREAKING🚨🚨🚨 SWIFT introduced its blockchain ledger as we speak. Seventeen banks, pilot section, tokenized deposits.
In the meantime the $XRP Ledger has been settling actual worth since 2012.
Sit with that timeline hole for a second.
One community is getting ready to check what the opposite has run in… https://t.co/3txuwbG0bE pic.twitter.com/EZkUluB6SB
— X Finance Bull (@Xfinancebull) July 9, 2026
Ripple-related merchandise have additionally entered the broader banking dialogue. RLUSD is described as a regulated stablecoin with month-to-month attestations.
In the meantime, XRPL has supported fee and tokenization exercise for institutional use.
Nonetheless, SWIFT and XRPL comply with completely different market paths. SWIFT is testing blockchain instruments by way of a bank-led pilot.
XRPL operates as a public blockchain with an present transaction historical past.
Learn Additionally:
Ripple Proposes Confidential XLS-33 Tokens Hiding XRP Balances For Huge Banks
Financial institution Hyperlinks Add Context to Ripple Debate
A number of SWIFT pilot banks have appeared in Ripple-related market exercise. BNY is listed within the pilot and is linked to RLUSD reserve custody.
DBS can be listed and has labored with Ripple on tokenized fund exercise. This overlap has added curiosity amongst XRP market analysts.
It exhibits that main banks are testing a couple of tokenized finance route. Nevertheless, the pilot doesn’t imply SWIFT is utilizing XRPL.
For now, SWIFT is testing a ledger for bank-based tokenized deposits. XRP Ledger supporters are pointing to years of reside community use.
The subsequent stage is dependent upon pilot outcomes, financial institution adoption, and actual fee quantity.