SWIFT is experimenting with the integration of Ripple (XRP) and Hedera (HBAR) in the framework of efforts to improve its cross-border payment infrastructure. These two digital assets fit the system’s goals due to their compatibility with the financial messaging standards ISO 20022.
The SWIFT transformation will be focused on two specific technologies: Ripple On-Demand Liquidity (ODL), which uses XRP as an intermediate currency to accelerate transfers, and the consensus mechanism based on the Hedera hashgraph, known for its high throughput and energy efficiency. In comparison, traditional SWIFT transfers can take from 1 to 5 working days and cost between $10 and $50 per transaction, while transfers with XRP are usually confirmed in 3–5 seconds and cost approximately $0.0002. Meanwhile, Hedera can process up to 10,000 transactions per second. Recently, Ripple's general director Brad Garlinghouse stated at the XRP Ledger Apex 2025 event in Singapore that the XRP Ledger could provide 14% of SWIFT's global liquidity within 5 years.
Today, SWIFT has two components — messaging exchange and liquidity. Liquidity is held by banks. I think less about messaging exchange and more about liquidity. If you manage all the liquidity, it’s good for XRP. So in five years, I would say that’s 14%, — said the top manager.