ISO 20022 Crypto: List of Compliant Coins And Tokens in 2024

ISO 20022 Crypto: List of Compliant Coins And Tokens in 2024

The ISO 20022 standard has become increasingly important in the financial industry as a unified messaging protocol for electronic data exchange between financial institutions. Initially designed for traditional financial transactions, this standard has now expanded to encompass the world of cryptocurrencies. This expansion is poised to bring substantial benefits, including enhanced standardization and interoperability, to the crypto space.

Current Compliance and Adoption
As of the latest reports, approximately 72% of banks have achieved ISO 20022 compliance, with full compliance expected by 2025. This widespread adoption signifies the growing importance of this standard in modern finance.

Benefits for Cryptocurrencies
Cryptocurrencies that comply with ISO 20022 stand to gain significant advantages. These benefits include easier integration with existing financial systems, fostering wider acceptance and technological integration. Notable cryptocurrencies that have adopted the ISO 20022 standard include XRP, Cardano, Quant, Algorand, Stellar, Hedera HashGraph, IOTA, and XDC Network. These projects exemplify how ISO 20022 can enhance compatibility with traditional finance, making them prime candidates for adoption by financial institutions.

Key Takeaways

  • Enhanced Data Exchange: ISO 20022 standardizes data exchange between financial institutions, promoting smoother communication and interoperability.
  • Modernization of Finance: The standard's primary goal is to modernize the financial sector, making data handling more efficient.
  • Broader Integration: Adoption of ISO 20022 by cryptocurrency projects facilitates seamless integration with traditional financial systems.
  • Industry Adoption: Cryptocurrencies compliant with ISO 20022, such as XRP, Stellar, Algorand, Quant, and Hedera, are well-positioned for potential industry adoption.

What is ISO 20022?

ISO 20022 is a globally recognized standard for financial messaging that aims to simplify the interchange of data across financial institutions. Developed by SWIFT, this methodology is applied in various financial activities, including payments, securities trading and settlement, cash management, and account management.

Purpose and Benefits of ISO 20022
The primary goal of ISO 20022 is to replace the diverse messaging formats and protocols currently used across various financial systems with a unified and standardized approach. This transition promises several significant advantages:

  • Increased Efficiency and Reduced Costs: By streamlining communication protocols, ISO 20022 reduces the complexity and the associated costs of data interchange. It minimizes the need for manual interventions, thus cutting operational costs.
  • Enhanced Data Accuracy: With its structured and richer data elements, ISO 20022 improves the accuracy and reliability of electronic data exchanges, reducing the likelihood of errors.
  • Improved Visibility and Automation: The standard enhances the visibility of cash flows and positions. For instance, in payment transactions, it allows counterparties, intermediaries, and beneficiaries to increase automation, improving overall transaction processing.

Compliance and Adoption
As of the latest updates, approximately 72% of banks have achieved ISO 20022 compliance, as reported by Forbes. Financial institutions that have not yet completed the necessary adjustments have a deadline until 2025 to become compliant. This staggered adoption underscores the significant shift towards a more integrated financial ecosystem.

Impact on Cryptocurrencies
ISO 20022 also extends its reach to the cryptocurrency sector, where it facilitates the integration of blockchain technologies with traditional financial systems. Cryptocurrencies that adhere to this standard, such as Ripple’s payment network, leverage the messaging framework of ISO 20022 to ensure seamless communication with external financial systems like SWIFT. This capability is crucial for enhancing interoperability between digital assets and traditional financial infrastructures.

It is important to clarify that when referring to a "ISO 20022 compliant coin", it implies that the project utilizes the messaging standard defined by ISO 20022, not that the token itself conforms to the standard. This enables these projects to more effectively communicate and exchange data, bringing blockchain immutability and data decentralization into the traditional financial sector.

How Do ISO 20022 Coins Work?

ISO 20022 is revolutionizing the way cryptocurrencies interact with traditional financial systems, serving as a pivotal bridge between the digital and traditional financial worlds. This global messaging standard not only enhances the interoperability of cryptocurrencies with established financial institutions but also introduces a level of data richness that is critical for transparency and regulatory compliance.

Enhancing Cryptocurrency Integration
By adopting ISO 20022, cryptocurrencies can achieve greater acceptance and recognition from mainstream financial entities. This integration is key to fostering growth in both sectors, allowing for seamless transactions across different financial platforms. The structured and comprehensive framework of ISO 20022 ensures that each transaction carries detailed and descriptive data, making cryptocurrencies more robust and compliant with global financial practices.

Data Richness and Transparency
The core feature of ISO 20022 is its ability to transmit rich data within each transaction. This includes not only basic details such as the sender, receiver, and amount but also extensive metadata about the transaction itself. Such detailed information ensures greater transparency, which is particularly important in the cryptocurrency space—often perceived as a less regulated "wild west" of finance.

This structured messaging significantly reduces ambiguities and potential errors in transactions. For users transacting with ISO 20022-compliant coins, this means every operation—whether sending, receiving, or verifying—is embedded with clear, standardized, and detailed information, enhancing the overall transparency and traceability of transactions.

Practical Implications and Integration with Traditional Finance
The adoption of ISO 20022 by cryptocurrency projects facilitates easier integration with traditional financial systems, which are already familiar with this standard. This compatibility makes cross-border transactions, trade finance, and global payments more straightforward and efficient, bridging the gap between innovative cryptocurrency solutions and the established financial world.

In summary, ISO 20022 is setting a new standard for how cryptocurrencies operate and integrate with traditional finance. By enabling a more structured and detailed data exchange, it not only enhances operational efficiency but also boosts the credibility and regulatory compliance of the cryptocurrency sector, paving the way for broader adoption and mutual growth in the evolving landscape of global finance.

ISO 20022 Compliant Cryptocurrencies

As the financial sector progresses towards standardized communication, the adoption of the ISO 20022 standard within the cryptocurrency sphere has marked a significant evolution. This standard not only aids in bridging the gap between traditional financial operations and the dynamic world of digital assets but also enhances the operational efficiency and compatibility of cryptocurrencies with established financial systems.

Comprehensive List of ISO 20022 Compliant Cryptocurrencies in 2024
Several cryptocurrencies have aligned themselves with the ISO 20022 standard, positioning themselves favorably for integration into broader financial systems. These digital assets are designed to incorporate the ISO 20022 messaging language, which facilitates a more straightforward data exchange between their respective blockchains and traditional financial systems like SWIFT. Here’s an updated list of notable ISO 20022-compliant cryptocurrencies:

  • XRP (XRP): Known for its efficiency in cross-border transactions.
  • Cardano (ADA): Focuses on sustainability and scalability with a robust smart contract platform.
  • Quant (QNT): Enables seamless interoperability between diverse blockchains.
  • Algorand (ALGO): Utilizes a Pure Proof-of-Stake mechanism to offer high-speed transactions and smart contract functionality.
  • Stellar (XLM): Offers fast and cost-effective transactions with a built-in decentralized exchange (DEX).
  • Hedera Hashgraph (HBAR): Operates on a highly efficient Distributed Ledger Technology (DLT) based on Hashgraph architecture.
  • IOTA (MIOTA): Designed for the Internet of Things (IoT), leveraging a DAG-based network.
  • XDC Network (XDC): Focuses on optimizing international trade and finance.


XRP, the native cryptocurrency of the XRP Ledger, stands out in the financial world as a premier solution for cross-border payments and remittances. Operated by Ripple, a United States-based company, XRP is distinguished by its highly efficient transaction capabilities and its strategic role as a bridge currency facilitating liquidity among various fiat currencies.

Optimized for Global Payments
The XRP Ledger utilizes a unique consensus algorithm known as the XRP Ledger Consensus Protocol. This system enables XRP to process transactions extremely quickly and cost-effectively, handling up to 1,500 transactions per second with transaction costs at mere fractions of a cent. While the ledger does not support advanced smart contract functionality, it is specifically optimized for payment processes, offering the performance and efficiency required by global financial institutions.

Integration with ISO 20022
Ripple's proactive involvement with the ISO 20022 Standards Body significantly enhances XRP's usability within the financial sector. By adopting the ISO 20022 standard, Ripple ensures that its RippleNet payment solution aligns with the needs of a broader range of customers, seamlessly integrating with existing financial systems. This adoption not only promotes faster and more cost-efficient transactions but also positions XRP as a potentially valuable investment in the financial technology landscape.

Partnerships and Market Presence
Ripple has established numerous partnerships with leading financial institutions worldwide, including Bank of America, Santander Bank, and Intesa Sanpaolo. These alliances underline the trust and reliability of Ripple's technology and the broad applicability of XRP in financial operations across borders.

Stellar (XLM)

Stellar is a blockchain platform recognized for its speed and cost-efficiency, particularly in handling cross-border transactions. Originally launched as a fork of XRP, Stellar was co-founded by Jed McCaleb, who brought his experience from XRP to create a system optimized for financial inclusion and efficiency.

Core Features and Functionalities
The Stellar blockchain is designed not only for transactions using its native currency, Stellar Lumens (XLM), but also for a broader range of financial applications. It features a built-in decentralized exchange (DEX) that allows for seamless swapping between different assets issued on the Stellar network. This capability is complemented by its unique consensus mechanism, the Stellar Consensus Protocol (SCP), which ensures fast and low-cost transactions.

Interoperability and Financial Inclusion
Stellar's primary mission is to bridge the gap between financial institutions and provide services to the unbanked. It achieves this through its emphasis on interoperability and partnerships with various organizations aimed at expanding financial access. Stellar’s ability to handle cross-border payments efficiently makes it an ideal platform for not just transferring money, but also for issuing and exchanging stablecoins and other digital assets.

ISO 20022 Integration
Stellar’s alignment with the ISO 20022 standard underscores its commitment to enhancing interoperability with conventional financial systems. By adopting this standard, Stellar is poised to improve its communication capabilities with traditional financial institutions, thus facilitating more efficient and transparent cross-border transactions. The integration of ISO 20022 positions Stellar as a leading platform in the global financial ecosystem, particularly for organizations looking to streamline and modernize their payment systems.

Smart Contracts and Decentralized Applications
In addition to its robust payment and exchange functionalities, Stellar also supports smart contracts through the Soroban platform. This development allows developers to build sophisticated decentralized applications (dApps) on the Stellar network, further broadening its use cases and appeal.

Algorand (ALGO)

Algorand is a cutting-edge blockchain platform known for its pure Proof-of-Stake (PoS) consensus mechanism, which distinguishes it as both energy-efficient and capable of processing transactions quickly. Founded by the esteemed computer scientist Silvio Micali, Algorand launched its mainnet in 2019 and has since introduced several advancements including enhanced smart contract functionalities and support for custom tokens.

Scalable, Secure, and Sustainable Blockchain
Algorand is designed to be scalable, secure, and decentralized, catering to both financial and non-financial applications. The platform's unique PoS consensus algorithm allows every ALGO holder to participate in the consensus process, contributing to its security and decentralization. This approach not only facilitates fast transaction confirmation times but also maintains one of the lowest transaction fees in the cryptocurrency landscape, all while being environmentally conscious.

Smart Contracts and dApps Support
Algorand supports a wide array of applications through its smart contracts and decentralized applications (dApps) capabilities. These features enable developers to create and deploy versatile applications on the blockchain, from simple transactions to complex financial tools. This flexibility makes Algorand an attractive platform for developers and enterprises looking to innovate or streamline their operations.

ISO 20022 Integration for Enhanced Compatibility
The adoption of the ISO 20022 standard is a strategic move for Algorand, aiming to enhance its compatibility with traditional financial systems. This integration facilitates seamless communication with existing financial infrastructure, which is crucial for the adoption of blockchain technology in mainstream financial operations. By aligning with ISO 20022, Algorand underscores its commitment to maintaining a transparent, secure, and efficient transaction system, thereby broadening its appeal and potential for wider adoption.

Quant (QNT)

Quant is a distinctive blockchain platform renowned for its ability to facilitate interoperability across multiple blockchain networks. It utilizes the innovative Overledger protocol, which serves as the backbone for enabling seamless connections between diverse blockchain ecosystems. This capability is crucial for developers and enterprises aiming to build decentralized applications (mDApps) that operate across various platforms.

Core Features of Quant
The Overledger protocol is the key component of Quant that allows for the effective interlinking of different blockchains, such as Bitcoin, Ethereum, and XRP. This interoperability is essential for creating a more unified blockchain landscape, where information and assets can be exchanged effortlessly between different networks. Quant's focus on enabling this level of connectivity caters particularly to financial institutions and small to medium enterprises (SMEs) that require robust and versatile blockchain solutions.

Enhancing Compatibility with Traditional Financial Systems
By adopting the ISO 20022 standard, Quant is strategically positioning itself to enhance its compatibility with traditional financial systems. This standard is critical in the financial world for the secure and efficient exchange of information. Quant's compliance with ISO 20022 not only strengthens its capacity for secure data exchange but also cements its role as a bridge between the traditional financial sector and the blockchain ecosystem.

Benefits of ISO 20022 Integration
Quant's commitment to ISO 20022 is a testament to its dedication to interoperability and secure communication across financial systems. This alignment allows Quant to:

  • Facilitate a more secure and efficient exchange of information across networks.
  • Enhance transaction capabilities without sacrificing performance, handling a large volume of transactions seamlessly.
  • Ensure that decentralized applications built on its platform can easily integrate with existing financial infrastructures, making them more accessible and practical for widespread use.

Community and Governance
Quant is supported by a strong community of developers and a decentralized body of stakeholders, ensuring that the platform remains innovative and responsive to the needs of its users. This community-driven approach helps sustain a dynamic ecosystem where continuous improvements and adaptations are possible.

Hedera Hashgraph (HBAR)

Hedera Hashgraph stands out in the realm of distributed ledger technologies (DLT) by leveraging its unique hashgraph architecture, an advanced alternative to traditional blockchain technology. This innovative approach enables Hedera to offer unprecedented transaction speeds and efficiency, fundamentally transforming how decentralized applications (dApps) operate and integrate with existing financial systems.

Technical Superiority and Performance
Hedera Hashgraph is designed to handle high-volume needs, boasting the capability to process over 10,000 transactions per second with fees as low as $0.001. Transactions on the Hedera network achieve finality within just 3 to 5 seconds, showcasing its exceptional speed and reliability. This performance is underpinned by its proprietary consensus algorithm, which not only ensures fairness and security but also contributes to the platform's energy efficiency.

Smart Contracts and Ethereum Compatibility
One of the key features of Hedera Hashgraph is its support for smart contracts that are compatible with the Ethereum Virtual Machine (EVM). This compatibility makes Hedera an attractive platform for developers familiar with Ethereum's tools and frameworks, facilitating easier and more efficient development of dApps tailored to enterprise needs.

ISO 20022 Standard Adoption
Hedera’s commitment to adopting the ISO 20022 standard reflects its strategic focus on enhancing interoperability with conventional financial systems. This compliance is crucial for fostering greater trust and broader adoption among financial institutions, as it ensures that Hedera can seamlessly integrate with existing infrastructures and support streamlined financial transactions.

Token Utilization and Community Engagement
The native token, HBAR, is integral to the Hedera network, serving multiple functions from transaction payments to participating in network governance through staking. Staking HBAR not only helps secure the network but also offers staking rewards, engaging the community and incentivizing participation.


IOTA stands out in the distributed ledger technology (DLT) landscape with its unique approach to scalability and efficiency, specifically tailored for the Internet of Things (IoT) ecosystem. By employing a Directed Acyclic Graph (DAG) architecture known as the Tangle, IOTA transcends traditional blockchain methods to offer zero-fee transactions and rapid processing suited for the high-volume, microtransaction environments typical in IoT applications.

Innovative Architecture for IoT
The Tangle, IOTA’s implementation of DAG, is designed to handle transactions in a way that scales efficiently with the number of users, allowing the network to process around 1,000 transactions per second. This capability is critical in IoT contexts, where devices frequently exchange small amounts of data. The architecture not only supports these high-speed data transfers but is also quantum-resistant, safeguarding against potential future threats from quantum computing.

ISO 20022 Standard for Seamless Data Integration
IOTA’s adoption of the ISO 20022 standard is a strategic move to enhance its interoperability within the broader financial and technological ecosystems. This standardization ensures that IOTA can facilitate secure, standardized data transfers between IoT devices, making it a robust platform for supporting machine-to-machine (M2M) communication and seamless data exchanges across various devices and networks.

Key Features of IOTA

  • Fee-Free Transactions: IOTA allows the execution of transactions without the need for fees, reducing the cost barrier for IoT devices to participate in the network.
  • Data-Oriented Design: The platform is not only capable of transferring value but is also optimized for data sharing, a crucial feature for comprehensive IoT applications.
  • Unique Consensus Mechanism: The Tangle employs a unique non-blockchain consensus mechanism that increases transaction confirmation speeds as more participants use the network.

Cardano (ADA)

Cardano remains a robust player in the blockchain ecosystem, known for its comprehensive suite of features and methodical development approach. Despite a gradual progression along its development roadmap, Cardano made significant strides by introducing smart contract capabilities in 2021. This advancement has catalyzed the expansion of its decentralized finance (DeFi) ecosystem, positioning it as a formidable competitor to established Layer 1 chains like Ethereum and Solana.

Cardano's integration of the ISO 20022 standard significantly enhances its appeal to traditional financial institutions. This standardization facilitates seamless ADA transactions across borders and sectors. For instance, it enables a mutual fund in Germany to efficiently conduct electronic transactions to purchase ADA from a U.S.-based broker.

Prominent Features of Cardano:

  • Smart Contract Functionality: Cardano supports complex programmable transfers of value, allowing developers to create versatile and secure applications directly on its blockchain.
  • Expanding DeFi Ecosystem: The platform continues to enrich its DeFi offerings, providing more opportunities for financial innovation and investment.
  • Innovative Consensus Algorithm: Cardano employs Ouroboros, a uniquely designed proof-of-stake (PoS) consensus algorithm that not only enhances transaction efficiency but also ensures greater security and sustainability.
  • Significant Market Presence: As one of the top cryptocurrencies by market capitalization, Cardano has established a substantial footprint in the crypto market, reflecting its widespread acceptance and trust among investors.

Through its methodical development and strategic implementations, Cardano is shaping up to be a key driver of blockchain innovation, particularly in facilitating smart contracts and expanding DeFi capabilities in a way that bridges traditional financial operations with modern blockchain technology.

XDC Network (XDC)

The XDC Network is an advanced enterprise-grade blockchain platform, meticulously designed to support and streamline global trade and supply chain finance. Utilizing the innovative XinFin Hybrid Blockchain protocol, XDC Network focuses on key sectors such as finance, healthcare, trade finance, and supply chain management. XDC, the network's native cryptocurrency, plays a crucial role in facilitating transactions and governance within the ecosystem.

Integration with ISO 20022 Standard
A pivotal aspect of XDC Network's strategy is its adoption of the ISO 20022 standard, which significantly boosts the platform's interoperability with traditional financial systems. This standardization provides a robust framework for secure, efficient, and compliant cross-border transactions, positioning XDC Network as a trustworthy platform for international trade and finance.

Hybrid Blockchain Architecture
XDC Network leverages a hybrid blockchain architecture, blending the transparency and security benefits of public blockchains with the privacy and speed of private blockchains. This dual approach enables the network to handle up to 2,000 transactions per second, making it highly capable of meeting the demands of enterprise-level applications.

Key Features and Capabilities

  • Regulatory Compliance: XDC Network is designed to align with regulatory requirements, ensuring that enterprises can adopt its technology without compliance concerns.
  • Supply Chain Tracking: The platform excels in tracking the movement of goods and materials through supply chains, providing transparency and real-time data that enhance operational efficiencies.
  • Interoperability and Integration: With its alignment to the ISO 20022 standard, XDC Network stands out for its interoperability with legacy financial systems, facilitating smoother transitions and integration for global finance operations.

Investing in ISO 20022 Compliant Cryptocurrencies: A Strategic Move?

In the complex world of cryptocurrency investment, discerning viable opportunities often involves identifying trends that showcase tangible real-world utility. Cryptocurrencies compliant with ISO 20022, a global financial messaging standard, naturally stand out due to their enhanced functionality and broader market integration.

Adopting ISO 20022 reflects a commitment to transparency, interoperability, and adherence to regulatory standards. For investors, these characteristics can foster a greater sense of trust and open up possibilities for widespread acceptance and integration into mainstream financial systems. This alignment not only promises improved interoperability and cost efficiency but also positions these cryptocurrencies as valuable assets in bridging the gap between traditional financial systems and digital assets.

While investing in cryptocurrencies always involves certain risks, the strategic importance of ISO 20022 compliant coins in a shifting financial landscape makes them a noteworthy option for those looking to diversify their cryptocurrency portfolio. As the financial world becomes increasingly digitized, these coins may offer a unique blend of innovation, compliance, and future growth potential.


In conclusion, the ISO 20022 standard is reshaping the financial landscape by enhancing the interoperability and efficiency of financial transactions across various sectors, including the burgeoning world of cryptocurrencies. As we've seen, approximately 72% of banks have already adopted this standard, with full compliance expected by 2025. This widespread adoption underscores the standard's significance and its role in modernizing financial communications.

For the cryptocurrency sector, ISO 20022 offers a pathway to greater acceptance and integration within the traditional financial ecosystem. Cryptocurrencies such as XRP, Cardano, Quant, Algorand, Stellar, Hedera HashGraph, IOTA, and XDC Network have already aligned with this standard, positioning themselves as frontrunners in the quest for mainstream adoption. By facilitating a more structured and detailed data exchange, these digital assets not only improve operational efficiency but also enhance their credibility and market appeal.

Moreover, the adoption of ISO 20022 by cryptocurrencies ensures that they are equipped with the necessary tools to offer transparent, efficient, and reliable financial services, mirroring the benefits seen in traditional finance. This strategic alignment makes ISO 20022 compliant cryptocurrencies a compelling option for investors looking to diversify their portfolios with assets that are not only technologically advanced but also well-positioned for future growth and integration in the global financial marketplace.

As we move towards a more interconnected financial world, the relevance of ISO 20022 compliant cryptocurrencies will undoubtedly increase, offering promising opportunities for innovation, investment, and the bridging of the traditional and digital finance realms


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