Ripple CEO Brad Garlinghouse shared a bold projection: XRP could capture 14% of SWIFT’s volume over the next five years, driven by a focus on liquidity rather than messaging infrastructure. Garlinghouse’s comments reflect a broader ambition within Ripple to challenge traditional financial rails by leveraging crypto-based liquidity solutions. While SWIFT currently dominates the interbank messaging landscape for cross-border payments, Garlinghouse argued that the true battleground lies in liquidity, the ability to move money, not just send instructions. “There are two parts to SWIFT today: messaging and liquidity,” Garlinghouse said. “Liquidity is owned by the banks. I think less about the messaging and more about liquidity. If you’re driving all the liquidity, it is good for XRP… so I’ll say five years, 14%.” By targeting liquidity, Ripple aims to plug into the critical layer of cross-border finance that determines how quickly and cheaply value can move across borders. Ripple’s Chief Legal Officer also highlighted the potential for rapid growth in the tokenized asset sector. “Hundreds of billions of tokenized global assets [will emerge] fairly quickly,” he said, signaling Ripple’s intent to position XRP as a foundational layer in that transformation.