Business February 19, 2026

Deutsche Bank Backs Ripple as JPMorgan Helps SWIFT Build Rival Blockchain Rails

Ripple vs SWIFT is no longer a background conversation in banking circles. Deutsche Bank is deepening its use of Ripple’s blockchain infrastructure for cross-border payments, moving away from the slow, costly, and intermediary-heavy model that SWIFT has long represented. At the same time, JPMorgan has joined SWIFT to help build a rival blockchain ledger, making the Ripple vs SWIFT split an open, institutional-level contest.

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Ripple vs SWIFT: How Deutsche Bank and JPMorgan Are Reshaping Global Payments

Deutsche Bank Moves Onto Ripple’s Rails

Deutsche Bank’s Ripple integration is being framed as a structural overhaul, not just a pilot. Der Aktionär reported:

Deutsche Bank Taps #Ripple to Revolutionize Global Payments.

Traditional cross-border payments are facing criticisms for being slow, costly, and heavily dependent on intermediaries.

Deutsche Bank is signaling a decisive shift away from that model by deepening its use of… pic.twitter.com/9IUXP1MIfd
— TheCryptoBasic (@thecryptobasic) February 19, 2026

“Deutsche Bank is increasingly integrating technologies from the Ripple ecosystem to break down the outdated structures of global money transfers. The goal is to place cross-border payments, the foreign exchange business, and the custody of digital assets on a new, highly efficient basis.”

Processes that historically relied on legacy networks such as SWIFT are now being modernized through Ripple cross-border payments infrastructure, according to reporting from TheCryptoBasic.

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JPMorgan Joins SWIFT’s Blockchain Push

JP Morgan is working with us as part of a global group of banks helping design and deliver our blockchain-based ledger for cross-border payments.

Through industry-wide collaboration, we’re building the rails of the future to enable interoperability and support real-time,… pic.twitter.com/e1WOHga2Y3
— Swift (@swiftcommunity) February 19, 2026

SWIFT confirmed JPMorgan’s involvement in its blockchain ledger project, stating:

“JP Morgan is working with us as part of a global group of banks helping design and deliver our blockchain-based ledger for cross-border payments. Through industry-wide collaboration, we’re building the rails of the future to enable interoperability and support real-time, always-on cross-border payments.”

Gayathri Vasudev, Global Head of Core Payment Rails at J.P. Morgan, said:

“We look forward to engaging with this coalition to help evaluate a shared ledger designed for the next generation of global payments.”

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Ripple vs SWIFT: Two Paths, One Race

Der Aktionär translated tweet on Deutsche Bank integrating Ripple ecosystem technologies for cross-border payments and digital asset custody – Source: X / @aktionaer

Deutsche Bank’s Ripple adoption and the JPMorgan SWIFT blockchain ledger are now running as direct competitors. One route runs through Ripple’s existing network, already trusted for Ripple cross-border payments. The other is SWIFT reborn with blockchain rails from within. The race is on.