Charles Hoskinson, the founding member of Cardano (ADA) blockchain, has recently chimed in to applause SWIFT & other banking giants implementing the ISO 20022. Even though the levels of compliance vary across major-cap altcoins, Cardano’s Hoskinson was pleased to be in the same group with Ripple (XRP), Hedera Hashgraph (HBAR), Algorand (ALGO) & others.
ADA, XRP & HBAR Arrive Among Banker’s Top Choices
Based on the presumption that other Layer-1’s included in this deal are Stellar Lumens (XLM), Quant (QNT) & XDC (XinFin), it’s worth noting that these alternative blockchains are considered because of their technical setups or game-tested trading volumes in the cross-border field, but neither crypto currency is inherently compliant with the new ISO 20022 messaging standard.
However, some crypto currency aficionados are skeptical about the easy adoption of major-cap altcoins in ISO 20022. Vet, a popular network validator on the XRPL, has argued that XRP coin itself is not compliant with the upgraded global messaging system, but Ripple tech’s separate institutional-grade software is, making the swift matter directly unrelated to the XRP coin.
Compliant Or Compatible? Solving ISO 20022 Dilemma
This essential distinction means that crypto transactions operate independently of ISO 20022 compliance, as the framework applies on the native systems managing the transactions, rather than directly to the blockchain. For banking institutions like SWIFT, November 22, 2025 is the final cut-off date, forcing the global banking giant to ditch the legacy MT messaging system.
Regardless, current legal compliance and technical compatibility might differ highly among the candidates. In Cardano’s (ADA) case, Charles Hoskinson the ADA chain is supporting the transition. The Layer-1 chain is acknowledged for smart contract capabilities, which could fit perfectly with the enriched messaging format, noted Cardano’s chief.
Ultimately, these altcoins positioned to pivot this merger between digital and traditional banking infrastructure can capture a bigger part of the cross-border market than their current market cap. With SWIFT rolling out XRP & HBAR tests on their rails, ISO 20022 certification will play a key part.
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The Cardano news is Charles Hoskinson’s recent tweet claiming ADA is ISO 20022 compliant, positioning it alongside XRP, HBAR, and others as a bridge between traditional finance (TradFi) and DeFi ahead of SWIFT’s Nov 22, 2025 deadline.
ISO 20022 is a global standard for financial messaging that SWIFT and banks are fully adopting by Nov 22, making payments faster and data-rich, which could boost blockchains like Cardano that align with it.
Hoskinson says so, and Cardano’s smart contract platform is designed to handle ISO-structured data, though no crypto is officially certified—its compliance depends on practical integration with banking systems.
If ADA proves useful for banks post-deadline, it could see a price surge as adoption grows, though it’s competing with XRP coin, Hedera (HBAR) & a few others others in the same race.
With just 11 days until the SWIFT switch (Nov 22, 2025), Cardano’s team might push for bank partnerships, and the community’s hyping it as a game-changer for DeFi-TradFi fusion.
