ISO 20022

SWIFT has completed its migration to ISO 20022 in November 2025, retiring the legacy MT messaging format — a move that could reshape cross-border settlement and create new pathways for XRP and other utility coins. The upgrade promises richer payment data, better interoperability with tokenized assets, and faster liquidity flows between banks and crypto rails.

Reports say Pi Network is pursuing ISO 20022 compatibility — a move that could put it in direct competition with Ripple (XRP) and Stellar (XLM) for institutional payment rails. This article examines technical, regulatory, and market hurdles Pi must clear to challenge established blockchain payment players.

Cardano founder Charles Hoskinson says ADA is fully aligned with the ISO 20022 messaging standard, positioning the network alongside XRP for next-generation financial integration. He emphasized Cardano’s readiness to support institutional messaging and cross-border use cases as global finance adopts the standard.

After holding the $2 support for a month, XRP is preparing for renewed price discovery as ISO 20022 adoption and a SWIFT test emerge as potential catalysts. Traders and on-chain metrics point to strengthening demand ahead of broader market developments.