Crypto analyst BULLRUNNERS has alleged that global financial messaging giant SWIFT is already adopting Ripple's payment technology, which includes the use of XRP. The claim suggests SWIFT has been testing XRP on its payment rails since Q4 2025. BULLRUNNERS further asserted that banking giant HSBC, named as a managing partner for SWIFT's upcoming multi-chain blockchain ledger, is involved in this partnership, leveraging its existing history of using Ripple's XRP Ledger through Ripple-owned custody firm Metaco.
The analyst raised the possibility of JPMorgan, the world's largest U.S. bank, adopting Ripple's payments through its partnership with SWIFT, a move that could bring a massive influx of institutional and retail investors into the XRP ecosystem. BULLRUNNERS also connected these developments to the XRP Ledger's newly integrated Permissioned DEX feature, designed to create a regulated trading environment for institutions, suggesting timing is not coincidental.
Separately, analyst Pumpius outlined Ripple's broader strategy to build a comprehensive institutional financial stack mirroring traditional banking services. This strategy is built on acquisitions like Metaco for custody and Hidden Road for prime brokerage services, combined with Ripple's existing payment infrastructure. Pumpius highlighted progress within U.S. regulatory frameworks, including potential pathways with the Office of the Comptroller of the Currency (OCC), which could grant Ripple a regulated trust bank status and enable large-scale institutional adoption.
A key date highlighted is February 26, 2026, which is a decision deadline set by the U.S. Securities and Exchange Commission (SEC) for a proposed crypto ETF from T. Rowe Price. Pumpius suggests this regulatory milestone could converge with Ripple's infrastructure buildout, opening clearer pathways for traditional asset allocators into crypto. Meanwhile, analyst ChartNerd noted the XRP Ledger is also positioned to benefit from the tokenization wave, citing the Depository Trust & Clearing Corporation's (DTCC) long-term plan to tokenize assets in collaboration with layer-1 and layer-2 networks, a process where Ripple's acquisition of Hidden Road provides access.
At the time of reporting, XRP was trading around $1.33, down over 6% in 24 hours.
