TLDR
- Former Ripple developer Matt Hamilton confirms that XRP is not ISO 20022 compliant.
- Jake Claver mistakenly linked XRP to ISO 20022 compliance in a recent statement.
- RippleNet is ISO 20022 compliant, allowing seamless integration with global financial systems.
- XRP operates on the XRP Ledger, which uses JSON-based APIs, not the ISO 20022 XML format.
- RippleNet’s compliance with ISO 20022 benefits XRP by enhancing its interoperability in global payments.
A new debate has emerged regarding XRP’s involvement with ISO 20022 compliance. Jake Claver, CEO of Digital Ascension Group, claimed that XRP recognized the importance of ISO 20022 early on. He argued that this forward-thinking approach allowed XRP to become a key player in financial transactions, processing hundreds of billions of dollars daily. However, Matt Hamilton, a former Ripple developer, dismissed these claims, stating that XRP never had anything to do with ISO 20022.
RippleNet and ISO 20022 Compliance
While XRP itself does not comply with ISO 20022, RippleNet does. RippleNet, Ripple’s payment network, was designed to support ISO 20022 from the start. In May 2020, the company became the first blockchain-focused organization to join the ISO 20022 Standards Body. RippleNet fully integrates with the global standard, allowing it to connect with banks and financial institutions worldwide via a single API.
Ripple’s focus on ISO 20022 compliance with RippleNet makes it easier for financial institutions to adopt the network. This enables seamless interaction between RippleNet and other systems that adhere to the standard. As RippleNet continues to grow, it provides the necessary infrastructure for cross-border payments, including the use of XRP.
XRP did not prioritise ISO20022 whatsoever. There is literally nothing in the XRP Ledger codebase or network that has anything at all to do with ISO20022. It has been entirely a charade perpetuated by scammers like yourself.
— Matt Hamilton (@HammerToe) August 12, 2025
XRP and ISO 20022: No Direct Connection
Despite RippleNet’s ISO 20022 compliance, XRP itself does not have a direct connection to the standard. The XRP Ledger operates using JSON-based APIs rather than the XML format required by ISO 20022. According to Ripple’s Chief Technology Officer, David Schwartz, XRP cannot be ISO 20022 compliant because the standard is a messaging protocol, not a token certification.
The confusion around XRP’s relationship with ISO 20022 likely stems from the On-Demand Liquidity (ODL) service. ODL, which uses RippleNet’s ISO 20022-compliant framework, facilitates cross-border payments and utilizes XRP as a bridge currency. However, this does not mean that XRP itself is ISO 20022-compliant.
Even without direct compliance, XRP benefits from RippleNet’s alignment with ISO 20022. As more global financial institutions adopt ISO 20022, RippleNet’s adoption rate increases, further positioning XRP as a relevant asset for real-time currency bridging. The interoperability between RippleNet’s compliant network and XRP strengthens its potential to serve as a liquidity solution for cross-border payments.