Ripple CEO Brad Garlinghouse predicts that XRP could capture 14% of SWIFT's volume in the next five years, focusing on liquidity rather than messaging.
Ripple's chief technologist David Schwartz foresees hundreds of billions of dollars in tokenized assets with blockchain technology.
Garlinghouse's projection could mean migrating around $700 billion daily or $21 trillion annually to XRP-based liquidity rails.
XRP aims to be a bridge asset for banks to streamline payments and reduce nostro-vostro balances.
Ripple recently unveiled new engineering milestones in Singapore, showcasing support for tokenization and enhanced liquidity hub.
XRP is the fourth-largest cryptocurrency with a market cap of around $132 billion.
Ripple processed 'single-digit billions' through on-demand liquidity corridors last quarter, indicating a need for significant scaling to reach Garlinghouse's target.
At the time of reporting, XRP was trading at $2.25.