Charles Hoskinson: ADA Takes its Place with XRP on ISO 20022 List

**Charles Hoskinson Highlights ADA’s Role in ISO 20022 Financial Messaging Standard**

Charles Hoskinson, founder of Cardano, recently emphasized the significance of ADA’s inclusion among cryptocurrencies benefiting from the global ISO 20022 financial messaging standard. In a recent post, he shared an infographic that features ADA alongside major assets like XRP and XLM, recognizing these cryptocurrencies’ potential within the evolving digital finance landscape.

**ADA: The Only Smart Contract-Capable Token Among ISO 20022 Assets**

Hoskinson pointed out that ADA stands out as the only smart contract-capable token listed in the infographic alongside other ISO 20022-compatible assets. This inclusion reflects ADA’s growing prominence and expanding role in bridging traditional finance with decentralized financial systems.

The infographic highlights cryptocurrencies such as ADA, XRP, and XLM known for their contributions to cross-border payment solutions. According to Hoskinson, adopting ISO 20022 is a vital step in enhancing interoperability between blockchain technologies and conventional financial institutions.

**XRP’s Early Adoption Sets the Stage**

Hoskinson also commended XRP’s pioneering efforts in adopting ISO 20022. Since Ripple integrated the standard in 2020, XRP has played a key role in facilitating smoother cross-border payments and encouraging financial institutions worldwide to embrace the new messaging framework.

This early integration has contributed significantly to XRP’s reputation as a leader in cross-border payment solutions, establishing a model for other cryptocurrencies—including ADA—to follow.

**Cardano’s Commitment to ISO 20022 and Open Banking**

Cardano’s inclusion in the ISO 20022 ecosystem signals its dedication to enhancing interoperability and scalability. Hoskinson reiterated that ADA’s support for the standard aligns closely with Cardano’s broader vision: to connect traditional banking systems with blockchain networks effectively.

As adoption of ISO 20022 grows, with more than 80% of global financial institutions expected to implement the standard by the end of 2025, ADA’s position within this framework is poised to strengthen.

Earlier this year, the U.S. Federal Reserve fully embraced ISO 20022, further accelerating worldwide adoption and underscoring the standard’s importance in global finance.

**Looking Ahead: ADA’s Role in the Future of Finance**

Hoskinson expressed confidence that ADA will continue to play an integral role in the transition toward a more unified financial ecosystem. By supporting ISO 20022, ADA is set to integrate seamlessly with traditional financial institutions, fostering an open banking environment driven by blockchain-based assets.

Cardano remains committed to this initiative, ensuring that ADA’s growth in the financial sector remains robust as global adoption of ISO 20022 expands.

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https://coincentral.com/charles-hoskinson-ada-takes-its-place-with-xrp-on-iso-20022-list/

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