XRP, XLM as Key Utility Chains

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• All financial institution-to-institution payment instruction messages must use ISO 20022 exclusively beginning from November 22, 2025.
• Six cryptocurrencies, including XRP, XLM, HBAR, ALGO, IOTA, and XDC, are positioned as key utility chains for their compatibility with ISO 20022 messaging.

The full rollout of the ISO 20022 standard officially began on November 22, 2025. According to an announcement from Swift, the old way of sending payment instructions between banks is officially dead. 

ISO 20022 Replaces Old SWIFT Messaging System

From now on, every single bank-to-bank payment message on the SWIFT network must use the new ISO 20022 standard. This affects cross-border payments, high-value transfers, and systems like those from the Federal Reserve, European Central Bank, and Bank of England.

As we mentioned in our previous post, ISO 20022 would enhance data for compliance, improve interoperability, and enable faster settlement capabilities.

ISO 20022 is an international standard for electronic data interchange between financial institutions. Essentially, it is a universal language for how banks and payment systems communicate.

It replaces the older messaging format used by SWIFT, the backbone of global payments for decades. However, SWIFT messaging is limited in handling detailed data.

ISO 20022 brings richer data, better compliance, and improved automation. Still, preparation is key to avoiding rejected messages and operational delays.

The provided notice from SWIFT warns of potential disruptions aimed at FIN and FINplus users. All FIN and FINplus users are strongly advised not to send any message from Saturday 15:00 GMT till Sunday 05:00 GMT.

Users are also urged to consult the SWIFT Knowledge Base for troubleshooting, guides, and contingency plans.

XLM, HBAR, ALGO, IOTA, and XDC: Key Utility Chains on ISO 20022

Now that global banks are forced to use the new messaging standard, blockchains like XRP, XLM, Hedera (HBAR), Algorand (ALGO), IOTA, and XDC are positioned as the utility winners for real-world finance. 

These cryptocurrencies are highlighted because their protocols are designed to be compatible with ISO 20022 messaging. However, this does not mean ISO 20022 has endorsed these tokens. 

Rather, compatibility allows seamless integration between blockchain networks and traditional finance systems like SWIFT. This would enable crypto to handle real-world payments without translation losses.

After this weekend, banks must adopt ISO 20022, creating a natural on-ramp for blockchains that speak the language. This could accelerate adoption for cross-border settlements, remittances, tokenised assets, and compliance-heavy use cases.

Stellar (XLM) gained spotlight as an eligible asset since it focuses on cross-border payments and banking services. In a previous article, we discussed that Stellar handles low-cost remittances and micro-payments, aligning with the ISO 20022 standard.

Hedera (HBAR) also received several mentions in this context for its governance model, enterprise-grade ledger, and focus on institutions and payments.

Furthermore, Algorand (ALGO) is effectively aligned with ISO 20022 due to its low-fee chain with Decentralised Finance (DeFi), payment focus, and its scalability. 

Likewise, IOTA and XDC are reported as aligned tokens for this major migration.