The CEO of Ripple stated that XRP could account for 14% of SWIFT's global volume.

Ripple CEO Brad Garlinghouse stated that XRP could capture about 14% of SWIFT's global cross-border transaction volume in five years—not by replacing SWIFT messages, but by providing a liquidity layer that facilitates actual value transfer. This statement comes as SWIFT pushes for the ISO 20022 switch (November 22, 2025) and conducts a tokenization pilot, while the SEC's case against Ripple has closed with a $125 million settlement—removing a major pressure point. If you are trading the SWIFT narrative around XRP/USDT, Gate offers deep spot and XRPUSDT perpetual contracts with strong liquidity.

Latest Update: 14% SWIFT Target for Ripple and the Strategy of "Liquidity and Information Transmission"

At XRPL Apex 2025 (Singapore), Brad Garlinghouse stated that XRP could account for 14% of SWIFT's global transaction volume in five years. He emphasized that SWIFT dominates the information transfer of cross-border remittances, but XRP's goal is to compete through liquidity—building bridges between currencies to enable instant transfers of funds without the need for pre-funded accounts. He said, "Today's SWIFT has two parts: information transfer and liquidity... If you're driving all the liquidity, that's a good thing for XRP... So I would say five years, 14%."

The importance of this for the SWIFT narrative is that banks do not want to replace SWIFT; they want to reduce costs and settlement times. The proposal of Ripple is to add a layer of liquidity to complement SWIFT messages—XRP serves as a bridge asset for real-time foreign exchange conversion and delivery against payments.

The SWIFT upgrade timeline (ISO 20022) sets a window for adoption

The migration of ISO 20022 for cross-border payments between financial institutions will reach a key milestone on November 22, 2025, when the coexistence period of MT/ISO ends. This shift standardizes richer, more structured payment data and enables greater automation—conditions that facilitate the integration of liquidity-focused payment channels like XRP with SWIFT. For SWIFT ISO 20022 observers, this is a deadline by which many banks are striving to realign their operations and vendor decisions.

Tokenization and Pilot Programs: Why SWIFT Infrastructure is Becoming Increasingly Enthusiastic About Digital Assets

SWIFT, UBS Asset Management, and Chainlink successfully completed a pilot that demonstrated how to utilize existing SWIFT connections for the settlement of tokenized fund trades—part of the MAS project Guardian. The key points of the SWIFT tokenization narrative are: the network is experimenting with digital asset workflows while keeping banks on familiar tracks, which may make XRP-style liquidity solutions more attractive to compliance teams.

Legal Uncertainty Disappears: The SEC vs. Ripple Case is Closed

In August 2025, the SEC officially concluded its lawsuit against Ripple, imposing a civil fine of $125 million and placing restrictions on sales to institutions. A U.S. court had previously determined that the trading of XRP was not a securities offering. The conclusion of this matter reduced the headline risk for banks assessing solutions related to SWIFT and improved Ripple's vendor risk profile.

What could be the real impact of a 14% SWIFT market share on XRP?

• Complementary, not a substitute: SWIFT handles messages; Ripple aims to transfer capital. Even a single-digit market share victory would be significant, considering the scale of SWIFT.
• Corridor growth: Progress is expected to be made through specific currency routes, especially in places where nostro/vostro costs are highest and data standards (ISO 20022) are fully implemented.
• Pilot Verification → Production: Please pay attention to announcements when the SWIFT digital asset pilot project transitions to production scale, or when banks disclose on-chain liquidity usage in conjunction with SWIFT.

Note: The 14% figure is a management target, not a guideline; investors should track bank names, corridor trading volumes, and settlement statistics before underwriting all upside.

Market Snapshot: Trade SWIFT Theme on Gate (XRP/USDT and perpetual contracts)

As of today (August 13, 2025, Asia/Ho Chi Minh City), the trading price of XRP is close to $3.22, with an intraday volatility range between $3.11 and $3.29. On Gate, XRP/USDT spot trading typically shows tight spreads and deep liquidity on news release days; the XRPUSDT perpetual contract can help hedge against event risks related to the SWIFT ISO milestone (e.g., November 22, 2025) or tokenization pilot headlines. Consider using limit orders to manage slippage and monitor funding conditions when positioning around catalysts.

What Does SWIFT Mean for Airdrop Hunters and Crypto Learners

• Preparation status of enterprises: The richness of ISO 20022 data aids in compliance and reconciliation - this is good news for developers integrating with banks.
• Liquidity over delay: If Ripple can prove its reliable on-demand liquidity (ODL) using XRP as a bridge, banks can free up trapped capital; this is at the core of SWIFT's cross-border value proposition.
• Tokenized Flywheel: Deposits/funds tokenized on the SWIFT network will require a foreign exchange component; if regulatory requirements are met, XRP may be one of several assets that can fulfill this need.

What to pay attention to next (specific SWIFT-related catalysts)

1. November 22, 2025 - The coexistence period for CBPR+ messaging between cross-border financial institutions ends (MT → ISO 20022). Banks typically gather procurement and go-live decisions around this date.
2. SWIFT Tokenization Pilot → Production — Focus on the expansion of participants, transaction volume, and settlement frequency.
3. Ripple Corridor Announcement - New banking/financial institutions partnerships, corridor trading volumes, or disclosures of XRP functioning as a bridge asset alongside SWIFT messaging.
4. Integration after settlement - With the conclusion of the case with the U.S. Securities and Exchange Commission, track U.S. institutions reintroducing services or deepening pilot projects involving SWIFT flows.

Risk and Reality Check (Keeping Your SWIFT/XRP Argument Honest)

• The IT cycle in banks is relatively slow: pilot programs cannot guarantee production scale; procurement, operations, and compliance reviews may extend the timeframe.
• Competitive tracks: stablecoin networks, bank-issued tokens, and other L1s will pursue the same SWIFT cross-border use cases.
• Regulatory fragmentation: The clarity in the US is helpful, but global corridors face different rules; localization restrictions may limit recent market share growth. Prediction and proof: 14% is an ambitious target. Consider it an optimistic scenario until corridor-level data confirms it.

Bottom Line

The SWIFT narrative's star alignment anomaly: a favorable transition to SWIFT standards for automation, a tokenization pilot that standardizes digital asset pipelines, and a closed SEC case that reduces risks for Ripple with large institutions. In this context, Garlinghouse's 14% claim on SWIFT sets a measurable roadmap for XRP. Trade on Gate via XRP/USDT or XRPUSDT contracts — but let the ISO 20022 calendar, bank pilot disclosures, and real order book liquidity confirm this story in real-time.