Morgan Stanley has recently acknowledged that Ripple (XRP) might be the leading alternative for SWIFT, emphasizing the crave for quicker transactions, particularly in the cross-border section. A passage from the Manhattan-based financial enterprise’s review has caught the eye of market watchers, specifically Volume 36.
Morgan Stanley: XRP Got What It Takes For SWIFT
In this passage, Ripple’s (XRP) Ledger technology was renowned for capabilities to potentially reduce processing costs by 60%. Moreover, Morgan Stanley report claims XRP Ledger’s design can free up bank capital, not necessarily needing to have pre-funded fiat accounts if XRP is truly adopted as the default bridge currency.
As to what liquidity influx that would build on Ripple’s (XRP) chain, opinions vary. To illustrate, Morgan Stanley’s experts are projecting a $1 trillion market liquidity addition in case of a successful Ripple-based exchange-traded fund (ETF) launch this year. Will this be enough for XRP Ledger to overturn the old guard?
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On top of that, Ripple’s CEO Brad Garlinghouse is even more optimistic, forecasting that Ripple will capture 14% of SWIFT’s gigantic $155 trillion annualized transaction volume. As most out of the 11 XRP ETF pitches are due for a decision in late October, 2025, Bloomberg’s analysts had projected a 95% chance of approval.
On the other hand, even the $1 trillion flood forecasted by Morgan Stanley still encircles 25% of overall crypto global market cap. On SWIFT’s side, the OG financial conglomerate confessed to testing blockchain tech on their rails in Q4 of 2025, including Ripple (XRP) & Hedera (HBAR).
SWIFT’s CIO Takes a Jab At Ripple Despite Tests
Conversely, SWIFT’s Chief Innovation Officer (CIO) recently downplayed Ripple Labs’ recent legal victories, saying that survival is not the same as resilience: “Surviving a lawsuit isn’t resilience. Neutral, shared governance is. Institutions don’t want to live on a competitor’s rails”.
Regardless, the outcome of SWIFT’s XRP & HBAR blockchain testing will not be known till at least November, 2025. This date falls in line with the numerous Ripple ETF submissions waiting to be settled, which is bound to eliminate major legal obstacles if granted.
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Morgan Stanley has highlighted XRP’s potential to disrupt SWIFT by offering faster, cheaper cross-border payments via Ripple’s blockchain technology, leveraging its efficiency for global transactions.
XRP enables near-instant, low-cost cross-border transfers on a decentralized ledger, unlike SWIFT’s slower, costlier system reliant on correspondent banking networks.
The $1 trillion figure is a speculative projection tied to XRP’s potential to capture a significant share of the global payments market, though no primary Morgan Stanley source confirms this exact valuation.
Morgan Stanley sees XRP’s blockchain as a scalable solution for financial institutions, potentially reducing costs and settlement times compared to SWIFT’s traditional infrastructure.
While Ripple’s XRP is used by some financial institutions, widespread adoption is limited due to regulatory uncertainties and SWIFT’s established network, though interest is growing.
