Ripple’s corporate treasury management platform Ripple Treasury has been included as an officially certified partner of SWIFT, refocusing market attention on the possibility that XRP Ledger (XRPL)-based settlement could be linked with existing banking infrastructure.

The Crypto Basic, a blockchain-focused media outlet, reported on April 6 that the certification increased room for blockchain settlement tools to connect directly with SWIFT’s global network.

Ripple Treasury is a platform built after Ripple acquired a treasury management software company. It is designed to let companies and financial institutions manage fiat currencies, the stablecoin RLUSD and XRP in a single system. Its core goal is to modernise corporate treasury environments by combining traditional treasury functions with digital asset operations.

Through the certification, Ripple Treasury is integrated with SWIFT’s lightweight access solution, Alliance Lite2, securing a foundation for companies to access the SWIFT network directly. It also gains access to SWIFTRef data used for IBAN and ABA lookups, in an assessment that its role as a bridge linking legacy financial systems with blockchain-based settlement has been further strengthened.

After news of the certification, the XRP community has also again focused on past comments by Ripple CEO Brad Garlinghouse (브래드 갈링하우스). In a 2018 interview, he said Ripple was challenging SWIFT’s dominance in the international remittance market and cited a case in which fees fell to about $2 from $20.

Garlinghouse offered a similar outlook at the 2025 XRPL Apex event. He argued that XRPL could handle about 14 percent of SWIFT transaction volume within the next five years and stressed competitiveness in actual fund transfers rather than simple messaging. Given that SWIFT handles about $150 trillion in transactions a year, 14 percent would be about $21 trillion.

That assumption also fed into XRP price outlooks. Some analysis suggested that if XRP is assumed to be reused about 30 times a year, about $700 billion in liquidity would be needed, supporting an estimated price around $12. Scenarios of $18 to $24 are also mentioned if investor and institutional demand is reflected. It is pointed out, however, that these figures are estimates based on assumptions and could differ significantly from actual market conditions.

The outlet interpreted the SWIFT certification as a signal that Ripple is choosing a strategy of complementing and operating alongside the existing financial system rather than replacing it. As the boundary between blockchain and traditional financial infrastructure gradually blurs, attention is on what changes their combination could bring to the payments market.