SWIFT to test digital assets and tokenized cryptos in November, $XRP and $HBAR in focus
- SWIFT to integrate digital currencies and tokenized wallets
- Transactions will use ISO 20022 standard for greater transparency
- XRP and HBAR could benefit from banking integration
SWIFT announced which will begin testing real-time transactions with digital assets from November 2025. The initiative involves stablecoins, tokenized currencies and central bank digital currencies (CBDCs), with the aim of integrating these features into traditional banking systems.
The interbank network moves more than US$150 trillion per year and is now seeking to make its operations compatible with digital wallets and settlement via tokenized accounts. The tests will be carried out in collaboration with financial institutions in North America, Europe and Asia.
The proposal includes the use of fees similar to those applied in blockchains, such as “gas fees”, in addition to standardizing a single and reliable source of price data. Tracking via tokens also promises to increase transparency in transactions.
Today, most digital asset platforms operate in isolation, without direct integration with the conventional banking system. SWIFT’s proposal is to create a framework that connects these “islands” to the global financial ecosystem, leveraging their existing correspondent banking infrastructure.
🚨 BREAKING: SWIFT Confirms DLT Integration Begins Nov 2025 — $ Xrp & $HBAR in Focus
SWIFT, which processes $150T+ annually, will launch DLT-based settlement trials this November alongside its ISO 20022 transition.
Key highlights:
DLT wallets for settlementTokenized…
— Gilmore Estates (@Gilmore_Estates) May 13, 2025
This movement favors cryptocurrencies focused on fast and scalable business transactions, such as XRP and HBAR, which already have a history of institutional use. The use of these networks can facilitate instant settlements at reduced costs.
The move is in line with the global migration to the ISO 20022 standard, which enriches financial data with greater clarity and interoperability. This standard will be essential for digital currencies and traditional banking systems to communicate efficiently and accurately.
By moving forward with these tests, SWIFT is taking another step towards consolidating the convergence between the traditional banking system and the innovations brought about by cryptocurrencies. The focus is to facilitate secure, fast and economically viable transactions between different currency formats and institutions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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