SWIFT Tests Blockchain Ledger as XRP Ledger Claims 14 Years of Live Proof Now

SWIFT tests blockchain ledger with 17 banks as XRP Ledger’s 14-year settlement record returns to market focus.

SWIFT has announced a blockchain-based ledger for tokenized cross-border payments. Seventeen banks are preparing to test tokenized deposits through the pilot.

The ledger was built in nine months and is now ready for bank testing. It aims to support 24/7 payments through SWIFT’s secure messaging network.

The launch has drawn attention from XRP Ledger supporters and wider crypto market analysts. XRPL has been settling transactions since 2012, giving it a longer public operating record.

The debate now centers on pilots, production systems, and institutional payment rails. Banks linked to Ripple activity are also listed among SWIFT’s pilot participants.

SWIFT Brings Tokenized Deposits Into Testing

SWIFT said its new ledger will support tokenized cross-border payments between banks. 

The project combines distributed ledger technology with SWIFT’s existing messaging system. As a result, banks can test tokenized deposits within familiar payment rails.

The pilot includes ANZ, BNP Paribas, BNY, Citi, DBS, and HSBC. It also includes Standard Chartered, UOB, Wells Fargo, and several other global banks. 

Together, these firms will test round-the-clock tokenized payment flows. SWIFT said the ledger can improve liquidity use and cash flow visibility. 

It also aims to support easier recognition of tokenized money between institutions. Future use cases may include programmable money and automated commerce.

XRP Ledger Track Record Enters the Discussion

The SWIFT announcement has renewed comparisons with the XRP Ledger. 

XRPL has operated since 2012 and has processed more than one billion transactions. Supporters point to that history as a live settlement record.

Ripple-related products have also entered the wider banking discussion. RLUSD is described as a regulated stablecoin with monthly attestations. 

Meanwhile, XRPL has supported payment and tokenization activity for institutional use.

Still, SWIFT and XRPL follow different market paths. SWIFT is testing blockchain tools through a bank-led pilot. 

XRPL operates as a public blockchain with an existing transaction history.

Read Also:

Bank Links Add Context to Ripple Debate

Several SWIFT pilot banks have appeared in Ripple-related market activity. BNY is listed in the pilot and is linked to RLUSD reserve custody. 

DBS is also listed and has worked with Ripple on tokenized fund activity. This overlap has added interest among XRP market analysts. 

It shows that major banks are testing more than one tokenized finance route. However, the pilot does not mean SWIFT is using XRPL.

For now, SWIFT is testing a ledger for bank-based tokenized deposits. XRP Ledger supporters are pointing to years of live network use. 

The next stage depends on pilot results, bank adoption, and real payment volume.

The post SWIFT Tests Blockchain Ledger as XRP Ledger Claims 14 Years of Live Proof Now appeared first on Live Bitcoin News.