Hoskinson Affirms Cardano ISO 20022 Support as Deadline Nears
The post Hoskinson Affirms Cardano ISO 20022 Support as Deadline Nears appeared on BitcoinEthereumNews.com.
Charles Hoskinson reaffirmed Cardano’s (ADA) support for ISO 20022, aligning it with XRP, HBAR, and ALGO. The statement comes 13 days before SWIFT’s hard November 22 migration deadline for the new global banking standard. A June report showed less than half of central banks were fully compliant, creating an opportunity for ISO 20022-ready blockchains. Charles Hoskinson has positioned Cardano (ADA) alongside other ISO 20022-compliant blockchains, reaffirming the network’s support for the new standard. The move comes as the global banking industry enters the final 13-day countdown to SWIFT’s hard migration deadline. Related: 13 Days Left: Banks Face ISO 20022 Mandate as XRP, Stellar Tout Compliance Hoskinson described the standard as “necessary to open banking and combining the TradFi and DeFi worlds.” He added that ADA “is glad to be holding the line with XRP, HBAR, ALGO, and others.” 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 The November 22 date was set by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). It marks the final, non-negotiable end of the “co-existence period,” where old MT and new MX formats operated side-by-side. The Mandate: A Unified Standard for Global Finance ISO 20022 introduces a unified data format. This standard is designed to enhance cross-border wire transfers, securities settlements, and institutional payment messaging. It replaces older, text-based systems with structured, metadata-rich formats. This new structure enables faster, more transparent communication between banks, payment processors, and digital asset networks. The global rollout, however, has faced multiple setbacks. Implementation has been postponed three times in five years due to difficulties in modernizing legacy infrastructure. SWIFT previously delayed the migration from November 2021 to 2022 before finalizing…
Filed under: News - @ November 11, 2025 8:26 am