Charles Hoskinson sees huge boost for ADA, XRP, ALGO and HBAR thanks to ISO 20022
- ADA, XRP, ALGO, XLM and HBAR have long been part of the group of cryptocurrencies compliant with the upcoming ISO-20022 financial messaging standard.
- But now things are getting serious: From November 22nd, ISO-20022 will replace the SWIFT interbank system. This gives compliant altcoin groups significant advantages.
Charles Hoskinson, founder of Cardano, expressed satisfaction with this development, noting that the adaptation of ADA strengthens its relevance in global banking networks. In his recent post on X, he shared an infographic listing cryptocurrencies that are expected to benefit from ISO 20022. XRP and XLM were named in the list due to their established positions in cross-border financial communications.
ISO 20022 support is essential to open banking and combining the tradFi and DeFi worlds. Ada is Glad to be holding the line with XRP, HBAR, ALGO, and others pic.twitter.com/9uZX4xgeQ3
— Charles Hoskinson (@IOHK_Charles) November 10, 2025
ADA stands out among these tokens as the only smart contract-enabled asset, indicating its dual ability for settlement and programmable finance. Other names on the list, including HBAR, ALGO and QNT, were highlighted for their institutional applications and associated frameworks that could help unify various banking systems.
ADA wants to connect banks with blockchain
Hoskinson emphasized that ISO 20022 plays a central role in open banking, a model that allows traditional banks to connect to digital networks through standardized APIs. He explained that support for ISO 20022 is “critical to promoting open banking,” describing it as an essential component for connecting traditional finance with emerging decentralized systems.
This connection, Hoskinson says, can act as a bridge that makes it easier for traditional institutions to work with blockchain assets. As ISO 20022 becomes the global standard for financial messaging, adding tokens like ADA that follow this standard can help increase institutional trust in blockchain technology.
More than 80% of financial institutions around the world are expected to start using ISO 20022 by the end of this year. This change will bring a new way of payment communication. It can also support digital assets that follow the same standard.
Global payment networks are unifying under ISO 20022
Ripple’s XRP and Stellar’s XLM are marked as compliant because they focus on banking and cross-border payments. Ripple has already partnered with more than 300 global financial institutions, demonstrating its long-term commitment to this global standard.
Marcus Treacher, former head of Ripple’s technology team, said the company has a long-term plan to align with ISO 20022. The goal is to prepare for the change in international banking communication.
Die Recording of HBAR is related to the focus on secure payments and stable transaction processing under the direction of the Board of Directors. Its network offers fast and reliable performance, making it suitable for global financial systems that require stable settlement structures.
Algorand’s (ALGO) low transaction fees and focus on DeFi applications support its alignment with ISO 20022 standards. Along with Cardano, IOTA and Quant, it is part of a group of tokens that are expected to benefit from the continued adoption of standardized communication frameworks.
Following Cardano’s recognition, Hoskinson explained that ADA is proud to “hold the line” with other ISO 20022-backed assets such as XRP, XLM and HBAR.
Market analysts see this development as a positive sign for ADA as the token will gain momentum in the medium term. Many participants are watching the $0.60 zone to assess where the next trend might go in the near future.
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