The Federal Reserve officially adopted ISO 20022 for Fedwire and already has early compliance, so Ripple was able to benefit a lot.
In particular, today’s US Federal Reserve System It was officially made Switching the Fedwire Funds service to ISO 20022. This represents an important step in modernizing the country’s payment infrastructure.
FedWire switch to ISO 20022
Essentially, as of July 14, 2025, all financial institutions using FedWire must send and receive messages using the ISO 20022 format. The change followed an early delay from March 2025, giving banks and service providers extra time to prepare for the transition.
Ripple is already in accordance with ISO 20022
Interestingly, Ripple had already placed himself early to take advantage of this push. Specifically, in 2020 It’s ripple The first blockchain-focused company to participate in ISO 20022 Standards Body.
Since then, we have built Ripplenet, a global payments platform, to fully support ISO 20022. This allows Ripple to connect smoothly with banks, payment providers and other financial institutions that follow new standards.
Ripplenet uses a common structured messaging system that conforms to the ISO 20022 framework. This setup increases transaction speed, accuracy and transparency. This is a key feature that banks currently need when adapting to renew their Federal Reserve system.
The XRP used by Crypto Asset Ripple for liquidity does not follow directly to ISO 20022, but it plays a key role in Ripple’s operations. For context, XRP flows through Ripplenet’s infrastructure that meets the requirements of ISO 20022 and helps with compliant cross-border payments.
Ripple will also leverage XRP through its on-demand liquidity (ODL) service (current Ripple payments). This removes the need for pre-funded accounts by enabling instant currency conversion and settlement.
How can Ripple benefit?
This move by the Federal Reserve could actually open up new opportunities for Ripple. For example, US banks and financial institutions need technology partners that already meet the ISO 20022 standard.
The Ripple is already doing heavy lifting. Specifically, the initial membership of the standards body, full-lip renet compliance and strong global partnerships have made us a great position to support US institutions through this change.
In addition to ISO 20022 compliance, Ripple is also invading within the US banking sector. Earlier this month, a blockchain payment company Apply for a bank license In the US, RLUSD’s Federal Reserve Master Account, its own stablecoin.
