The rollout of the ISO 20022 financial messaging standard provides Ripple, Hedera, Algorand, and XDC Network with unique opportunities in the growing financial market.
Institutional Interest in Ripple, Hedera, Algorand, and XDC
Ripple, Hedera, Algorand, and XDC are among the few digital assets that comply with the ISO 20022 standards. This standard aims to modernize financial communication by ensuring faster, safer, and more transparent information exchange among institutions.
Ripple maintains its leadership position, being the first crypto project to join ISO 20022 in 2020. The On-Demand Liquidity solution eliminates the need for pre-funded accounts, while Hedera offers high scalability and secure solutions for corporate clients. Algorand and XDC are also adapting to this standard, strengthening their positions in financial markets.
ISO 20022 Launch in the U.S.
ISO 20022 officially went live on July 14 through the Fedwire system. This event has led the XRP community to anticipate significant changes in transaction processing and increased transparency. While XRP is not an ISO 20022-compliant currency, it acts as a bridge currency within the RippleNet system, enhancing liquidity for transactions.
Future of Digital Assets in the Context of ISO 20022
Ripple, Hedera, Algorand, and XDC are among the few cryptocurrencies tied to ISO 20022, alongside projects like Cardano and Stellar. Their early readiness allows them to better position themselves in the global market as the demand for financial navigation standards grows.
The adoption of ISO 20022 marks a major step forward for Ripple, Hedera, Algorand, and XDC, opening new horizons for institutional use and enhancing their competitiveness on the international stage.
