# BNP Paribas and SWIFT Ledger Integration Strategy Institutional adoption of tokenized deposits bridges traditional banking with Ripple-owned digital asset infrastructure. - **Source:** [DailyCoin](https://brifing.si/source/3e9b0f85-cb2f-40ee-ba61-db9410cf0937) - **Published:** 2026-10-17 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/7fc10601-0813-4d15-aa3b-49ee66b44304 ## Sibos 2026 Strategic Highlights At the Sibos 2026 event, BNP Paribas showcased the potential of the SWIFT ledger to broaden global settlement options. The bank representative emphasized that this infrastructure allows the institution to integrate diverse settlement routes into its existing banking offerings, facilitating the movement of digital value across trusted global networks at scale. ## SWIFT Ledger Orchestration Layer The SWIFT ledger functions as an orchestration layer specifically designed for tokenized deposits. It enables participating banks to support 24/7 cross-border payments while maintaining final settlement through established systems. This architecture provides banks with greater flexibility for always-on liquidity without requiring clients to alter their current banking processes or interfaces. ## Early Adoption and Transactions BNP Paribas stands among the early adopters that have already successfully completed live transactions on the platform. A notable example includes a corporate treasury payment executed alongside HSBC for the industrial giant Siemens. By the end of 2026, at least 19 institutions are expected to utilize the ledger across various global currencies. ## Metaco and Ripple Synergy BNP Paribas leverages Metaco, a Swiss provider of digital asset custody and tokenization technology. Ripple acquired Metaco in 2023 for approximately $250 million to expand its institutional offerings in issuance and settlement. Metaco continues to operate as an independent brand, providing the underlying infrastructure for BNP Paribas Securities Services digital operations. ## Intersecting Banking and Crypto The current SWIFT ledger focuses primarily on bank-issued tokenized deposits rather than public-chain assets like XRP. However, the overlap highlights how traditional banking rails and crypto-native infrastructure are increasingly intersecting. This convergence places Ripple-owned technology directly within the digital asset infrastructure of a major participant in the SWIFT banking network. ## Institutional Custody Infrastructure Beyond BNP Paribas, other major financial institutions are integrating similar digital asset capabilities. HSBC utilizes digital asset infrastructure from Metaco, now under Ripple Custody, while Citi also maintains collaborative ties with Ripple. These connections illustrate a broader trend of large-scale banking giants adopting specialized technology to manage institutional digital asset operations. ## Future Interoperability Discussions For the XRP community, these developments fuel ongoing discussions regarding potential future interoperability between regulated banking systems and public blockchain networks. While current implementations remain restricted to private tokenized deposits, the established use of Ripple-owned technology keeps the conversation around institutional adoption and cross-network settlement active for market observers and participants. ## Monitoring Long-term Market Impact As SWIFT continues to expand its ledger capabilities and banks deepen their digital asset operations, these partnerships remain under close scrutiny. Both traditional finance and crypto markets are watching how these infrastructure layers evolve. The integration of tokenized assets into global banking rails represents a significant shift in how liquidity is managed. ## Sources covering this story - https://dailycoin.com/swift-ripple-xrp-bnp-paribas-connecting-the-dots/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._