This showed up when I was going through the net and it got me interested to understand it more and I decided to share some knowledge here to you.
If I have to choose another topic for this thread, I could just say:
cryptocurrencies that are complaint to traditional banking system. (At least that's the simple meaning I understand it to be).
Here is the gist of the thread According to google search, ISO 20022 is an open global standard for financial information. It provides consistent, rich and structured data that can be used for every kind of financial business transaction.
So what is ISO 20022? ISO 20022 is a standard developed by the International Organization for Standardization (ISO) for the exchange of electronic payment information between banks. Its goal is to unify all existing message formats into a single language called Extensible Markup Language (XML), which makes data processing easier.
List of top ISO 20022 compliant coins in May 2025Eight crypto coins already meet the ISO 20022 standard: XRP, Stellar Lumens, XDC Network, Algorand, Iota, Hedera Hashgraph, Quant, and Cardano. Two of them—XRP and XLM— are also members of the ISO 20022 standardization body.
Benefits of ISO 20022 compliance for crypto 1. Standardization and interoperability2. Improved trust and transparency3. Streamlined cross-border payments4. Integration with Central Banks: Compliance encourages central banks and financial institutions to use cryptocurrencies. Ripple (XRP), XDC, Stellar Lumens (XLM), Iota, and Algorand are already ISO 20022 compliant, which boosts their potential for adoption as digital reserve currencies or integration into central bank payment systems.
What is ISO 20022 currency? ISO 20022 currency refers to cryptocurrencies that support or integrate with the financial messaging standard to enable seamless data exchange and interoperability in banking systems. Examples include XRP and XLM.
Does ISO 20022 use XRP? Yes, XRP is a prominent cryptocurrency aligned with ISO 20022, focusing on cross-border payments and integration with financial institutions.
What banks use ISO 20022? Major global banks, including HSBC, Deutsche Bank, and JP Morgan, are transitioning to or already using ISO 20022 for enhanced financial messaging and interoperability.
Who needs ISO 20022? Banks, financial institutions, and payment service providers use ISO 20022 to modernize and standardize financial messaging. It benefits industries requiring seamless and interoperable data exchange.
What countries are in ISO 20022? ISO 20022 is adopted globally, with countries like the U.S., U.K., members of the European Union, Australia, and Japan actively implementing it in their financial systems.
Does ISO 20022 use blockchain? ISO 20022 is not a blockchain technology but a messaging standard. Some blockchain projects align with it to improve interoperability and integration with financial systems.
Is Ethereum ISO 20022? Ethereum is not natively ISO 20022-compliant but could align with the standard through third-party applications or integrations.
Is Bitcoin ISO 20022? Bitcoin does not directly align with ISO 20022, as it was not designed to comply with financial messaging standards. It remains primarily a store of value and decentralized digital currency.
This content is provided for informational purposes only and should not be construed as investment advice.
The point is Bitcoin and Ethereum are not aligned to ISO 20022, except for Ethereum through third party application or integration.
So just like other cryptocurrency who are volatile, does this mean bitcoin is never going to be held or issued by banks and what do you think of banks and cryptocurrency compliant?