Most of SWIFT’s Chosen Banks Already Running on Ripple (XRP). Here’s the Latest

Financial strategist Jake Claver has outlined what he believes is growing evidence of Ripple’s expanding influence inside the global banking sector.

Claver argued that several major financial institutions already using Ripple-related technology were later included in SWIFT’s newly announced payment framework introduced in April 2026.

According to Claver, many of the banks selected by SWIFT had existing ties to Ripple’s infrastructure before SWIFT introduced its latest blockchain-focused initiatives. He pointed to institutions including Santander, HSBC, Deutsche Bank, Standard Chartered, and JPMorgan as examples of banks that had already integrated Ripple-related services into parts of their operations.

Claver used the developments to challenge the argument that digital assets remain largely speculative. He stated in the X post that regulated financial institutions are already deploying blockchain-based systems in real payment and settlement environments.

SBI Expands XRP and RLUSD Initiatives in Japan

A significant part of Claver’s analysis focused on Japanese financial giant SBI Holdings and its recent blockchain-related activities. He highlighted four separate initiatives involving Ripple-connected products and services.

The first involved a reported 10 billion yen blockchain bond that pays a yield in XRP. Claver described the product as one of the most notable institutional crypto developments so far in 2026 because it involves a major financial institution distributing bond returns through XRP.

He also referenced RLUSD distribution through SBI VC Trade, research into a Japan-to-Korea remittance corridor with South Korean blockchain company DSRV, and XRP Ledger transfer initiatives involving Tottori Bank inside Japan.

Claver argued that these developments show how XRP and Ripple-related infrastructure are increasingly moving into regulated financial products and cross-border payment systems rather than remaining limited to trading activity.

Deutsche Bank and Santander Continue Ripple Integrations

Claver also examined the role of Deutsche Bank, which he said is simultaneously operating Ripple technology while participating in SWIFT’s own blockchain initiatives.

According to the X post, Deutsche Bank uses Ripple software for cross-border payments, foreign exchange workflows, and digital asset custody services. Claver claimed that these integrations have reduced settlement times from several days to seconds in some cases.

At the same time, he noted that Deutsche Bank joined SWIFT’s blockchain ledger initiative earlier in 2026. Claver described this as a notable situation because the bank is reportedly supporting SWIFT’s competing infrastructure while also using Ripple technology internally.

He added that many enterprise Ripple integrations currently rely on Ripple’s software stack without directly requiring XRP for every transaction.

Claver also pointed to Banco Santander as one of Ripple’s earliest institutional examples. He referenced Santander’s One Pay FX platform, which operates on RippleNet and supports near-instant cross-border payments across 19 countries.

Middle East, Africa, and RLUSD Adoption Continue to Expand

Another section of Claver’s post focused on Ripple’s expansion efforts in the Middle East and Africa. He cited Ripple’s partnership with Jeel, the innovation arm of the Riyad Bank, for cross-border payments, tokenization, and custody pilot programs in a regulatory sandbox.

Claver also noted that Ripple recently opened a Middle East and Africa headquarters in the Dubai International Financial Centre in April 2026.

He connected these developments to large remittance markets across the UAE, Saudi Arabia, and Sub-Saharan Africa, arguing that high transaction fees in those regions create a strong use case for blockchain payment systems.

The post also referenced Trident Digital and its reported $500 million XRP treasury initiative targeting African payment corridors.

Claver concluded by pointing to the growing role of RLUSD in institutional finance. He highlighted that AMINA Bank became the first chartered bank to offer RLUSD trading and custody, while BNY Mellon serves as custodian for RLUSD reserves.

According to Claver, these developments represent what institutional cryptocurrency adoption increasingly looks like within regulated banking systems.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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