1d ago

SWIFT says it can support tokens including XRP but won’t issue its own digital assets

AI Market Summary

SWIFT signaling it can support tokenized assets (explicitly referencing XRP) while ruling out issuing its own digital currency reduces perceived competitive threat and frames SWIFT as an interoperability layer rather than a rival network. If operationalized, this could improve institutional comfort around using existing settlement tokens for cross-border workflows and strengthens the narrative for regulated token rails integrating with legacy financial messaging.

Impact level

● Medium

Affected assets

XRP/USDT+0.67%

AI Insight · XRP/USDTAI Insight

▲ Bullish

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SWIFT said its network can support tokenized assets, including XRP, while it does not plan to create its own digital assets or cryptocurrency. It framed that decision as different from cross-border payment models such as Ripple’s, which uses XRP for payments over its distributed ledger network. SWIFT added it does not want to compete with its members and is willing to interoperate with existing crypto-based projects.

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