Swift’s decision to embed a blockchain-based, shared ledger into its core infrastructure has triggered a new round of soul-searching around Ripple’s strategy and the XRP Ledger’s utility. Announced at Sibos 2025 in Frankfurt on September 29, Swift framed the move as a “pivotal step” toward instant, always-on cross-border settlement at global scale—positioning its new ledger as an extension of two years of tokenization trials rather than a wholesale system replacement.

“Make XRP Great Again”

Against that backdrop, CoreNest Capital GP Bob Ras urged Ripple to rethink its roadmap. “So Ripple has been trying to replace SWIFT for years. SWIFT just added blockchain instead. The plot twist writes itself. What’s the next move? Maybe it’s the right time to pivot?” he wrote on X.

In a follow-up p

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