SWIFT Builds Multi-Chain Blockchain Ledger With XRP-Linked HSBC as Managing Partner

SWIFT plans to introduce a blockchain-based shared ledger for cross-border payments, bringing in HSBC, a bank already using Ripple-owned Metaco’s Harmonize platform, as a managing partner. This setup highlights XRP’s infrastructure footprint via HSBC while SWIFT explores a broader multi-chain model that could also involve assets like XLM and HBAR. The initiative reflects a push to merge traditional banking with crypto-native technologies under new messaging standards such as ISO 20022.