VanEck: XRP Will Capture Value from Both SWIFT and DTCC

A document from global investment manager VanEck has gotten interest from the XRP community after crypto researcher SMQKE highlighted its assessment of the XRP Ledger’s potential role in institutional finance.

The document identifies the XRPL as one of the corporate blockchain networks positioned to capture value across major financial markets traditionally dominated by established infrastructure such as SWIFT and the Depository Trust & Clearing Corporation (DTCC).

In a tweet, SMQKE wrote, “Remember, VanEck recognized the XRPL as a blockchain position to capture value from both SWIFT and the DTCC. Documented.” To support the statement, the researcher attached screenshots from a VanEck publication outlining various blockchain networks and the sectors they could address by 2030.

VanEck’s Assessment of the XRP Ledger

VanEck’s document categorized blockchain networks into public chain challengers and corporate or permissioned chains across several financial use cases. Within the cross-border payments category, the report lists SWIFT and banks as the legacy incumbents while identifying Ethereum, Tron, and Base as public-chain challengers. Under the corporate and permissioned blockchain category, VanEck includes Kinexys, Fnality, Tempo, and the XRP Ledger.

The report also estimates that the cross-border payments market could represent approximately $20 billion in annual revenue, supported by around $7.5 trillion in daily foreign exchange volume. The document suggests that blockchain networks capable of serving this market could benefit from a significant opportunity as financial institutions continue adopting digital infrastructure.

The XRP Ledger also appears in VanEck’s collateral and settlement section. There, DTCC, LCH, and Euroclear are listed as the existing market leaders, while Canton, Kinexys, and XRPL are identified among the corporate blockchain solutions. VanEck estimates that this segment could generate roughly $10 billion in annual revenue, supported by trillions of dollars in assets settled on-chain.

In addition, the report places the XRP Ledger within the securitization category alongside Provenance, Canton, and other institutional blockchain platforms. Legacy participants in this market include Goldman Sachs, JPMorgan, and Citi, while Ethereum-based tokenization projects are identified as public-chain competitors. VanEck estimates this sector could represent another $15 billion annual revenue opportunity by 2030.

Community Interprets the Findings

Responding to SMQKE’s post, XRP community member $XRPARMY said VanEck’s inclusion of the XRP Ledger in both the cross-border payments and collateral settlement categories reinforces the view that XRPL could support multiple institutional use cases rather than serving only international payments.

According to the comment, the document aligns with the belief that the XRP Ledger can function as a neutral infrastructure layer for both traditional banking transactions and tokenized financial assets. The commenter added that financial institutions could adopt blockchain technology without completely replacing their existing systems, arguing that the XRPL’s speed, lower transaction costs, and interoperability make it a practical option for institutional adoption.

While the VanEck document does not predict that the XRP Ledger will replace SWIFT or DTCC, SMQKE’s post emphasizes that one of the world’s largest investment managers has formally identified XRPL as a blockchain network with the potential to participate in markets currently served by those long-established financial systems.