- XRP’s ISO 20022 compliance claims spark heated debate among experts.
- RippleNet supports ISO 20022, but XRP itself remains non-compliant.
- Community challenges Jake Claver’s claim on XRP’s financial standard status.
The XRP community was stirred into debate after a post from Jake Claver (@beyond_broke) appeared to suggest the cryptocurrency is ISO 20022 compliant. Claver claimed XRP had prioritized the standard before it became a focus in the industry.
In his opinion, this strategic step has since paid off for the network that handles more than $434 billion worth of transactions every day. He explained that ISO is a universal financial messaging system that allows interoperability between global institutions, and the 20022 standard is an enhanced version.
Claver also said XRP may be used as a key to tokenizing and transferring large quantities of assets outside of payments. This could lead to quicker settlements, reduced costs, and more market connectivity.
Industry experts and community members reacted swiftly. VET (@Vet_X0) posted the statement from Nik Bougalis (@nbougalis), who used to work as Ripple’s engineering director.
i love this one from Nik pic.twitter.com/vDHD6ARSo7
— Vet 🏴☠️ (@Vet_X0) August 12, 2025
Also Read: XRP Could Realistically Hit $34 This Bull Cycle
Bougalis explained that ISO 20022 is a messaging standard, not a digital asset like XRP. According to him, XRP is not directly compliant, and he likened the concept to proposing Bitcoin or baseball cards to be compliant.
In his explanation, Bougalis noted that some of Ripple’s enterprise products support ISO 20022. However, this has no direct link to XRP or the XRP Ledger.
Community Reactions and Technical Clarifications
Matt Hamilton (@HammerToe), a former Ripple developer advocate, stated that nothing in the XRP Ledger codebase or network is related to ISO 20022. He has termed the compliance story a farce propagated by misinformation.
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
Another perspective came from Degenerate Diaries (@ISO20022Crypto), where he clarified that cryptocurrencies need an API to trigger ISO 20022 standards, and only a handful of them can do so.
Several experts echoed these points in Claver’s post. They emphasized that the design of the XRP Ledger does not use ISO 20022, and confusion may arise when the Ripple infrastructure is confused with the digital asset.
RippleNet’s Compliance and XRP’s Indirect Benefit
Meanwhile, it is important to note that RippleNet, Ripple’s enterprise payment system, is built to support ISO 20022. This allows the standard interchange of data between banks and payment providers.
XRP is used in RippleNet as a bridge currency for cross-border payments. This method obtains the indirect advantage of the system’s compliance.
Experts agree that while RippleNet meets ISO 20022 requirements, XRP does not. The digital asset remains a utility token within a compliant framework, not a compliant asset itself.
Also Read: Tax Attorney Discloses How to Unlock Liquidity With XRP Without Incurring Capital Tax
