by Jake ClaverUNCDF, Interledger, and ISO 20022: rebuilding the cross-border payment rail
Here the focus is UNCDF, Interledger, and ISO 20022, which sit at the center of how cross-border payments settle. It is concrete and sourced rather than a broad assertion.
The Rail Behind The Headline
This material connects the ecosystem to payment rails and cross-border transaction flows. Supporting material comes from the UNCDF PDF and the BIS CPMI interlinking report PDF. UNCDF report page, a research document from the organizations involved, states it directly:
> Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) and other relevant international organisations and standardsetting bodies. The G20 cross-border payments programme aims to address long-standing challenges in the cross-border payments market, including high costs, low speed, limited access and insufficient transparency. This programme comprises the necessary elements of a globally coordinated response in the form of a set of 19 building blocks (BBs), based on a CPMI report to the G20 (CPMI (2020a,b)).
The Takeaway For Market Infrastructure
This strengthens the broader institutional payments and tokenization stack because payments infrastructure is a repeat-use case that can create ongoing demand for reliable networks and settlement assets.
What The Source Shows
