Hi everyone,
I’m new to the community. I saw from a YouTube video that Cardano was ISO 20022 compliant. I was hoping to find out more about this. Does this mean the entire Cardano project is ISO 20022 compliant or only certain parts of it are? I’m a bit confused as to what it applies to.
Hello @Yoda_I_am
ISO 20022 is a messaging protocol that allows standardized way to exchange messages between financial institutions.
However, there is NO certifying authority. It is just a set of messaging standards such as names, codes, metamodels and so on.
No.
Cardano is obviously a lot more then just ISO messaging protocol.
It just means that Cardano has a workable messaging that uses ISO 20022 standards that can be used for ISO compliant transactions by financial institutions. It could be just and API that only financial institutions use and no one else in Cardano.
Only applies to standard that financial institutions use to communicate.
Providing tools that apply this standard makes it easier (or possible) for any financial institution in the world to start offering ADA as a product.
So, for example, a mutual fund in France is able to electronically sell ADA to a stock broker in USA by just clicking a few buttons.
There is another standard that helps this and that is ISO 24165 by DTIF (Digital Token Identifier Foundation) which reserves a trading name and code for each product. This one has a registry that can be checked and you can see Cardano registered.
{
“Header”: {
“DTI”: “HWGL1C2CK”,
“DTIType”: 1,
“DLTType”: 1,
“templateVersion”: “V1.0.0”
},
“Informative”: {
“LongName”: “Cardano”,
“ShortNames”: [
{
“ShortName”: “ADA”
}
],
“UnitMultiplier”: 1000000,
“URL”: “https://cardanoupdates.com/”,
“PublicDistributedLedgerIndication”: true
},
“Normative”: {
“GenesisBlockHash”: “5f20df933584822601f9e3f8c024eb5eb252fe8cefb24d1317dc3d432e940ebb”,
“GenesisBlockHashAlgorithm”: “BLAKE2b-256”,
“GenesisBlockUTCTimestamp”: “2017-09-23T21:44:51”,
“Forks”: [
{
“ForkReferenceDTI”: “HWGL1C2CK”,
“ForkBlockHeight”: 3821109,
“ForkBlockUTCTimestamp”: “2020-02-25T21:41:51”,
“ForkBlockHash”: “BLAKE2b-256”,
“ConsensusMechanismChangeResponse”: true,
“DigitalTokenCreationResponse”: false
},
{
“ForkReferenceDTI”: “HWGL1C2CK”,
“ForkBlockHeight”: 5107434,
“ForkBlockUTCTimestamp”: “2020-12-21T21:43:13”,
“ForkBlockHash”: “BLAKE2b-256”,
“ConsensusMechanismChangeResponse”: true,
“DigitalTokenCreationResponse”: false
},
{
“ForkReferenceDTI”: “HWGL1C2CK”,
“ForkBlockHeight”: 5428066,
“ForkBlockUTCTimestamp”: “2021-03-06T21:44:02”,
“ForkBlockHash”: “BLAKE2b-256”,
“ConsensusMechanismChangeResponse”: true,
“DigitalTokenCreationResponse”: false
}
]
},
“Metadata”: {
“recVersion”: 4,
“recDateTime”: “2023-06-07T00:00:00”,
“Provisional”: false,
“Private”: false
}
}
However, if you read crypto media they will proclaim that "These are ISO certified/ registed/ tradable … " and so on. Like this 
ISO 20022 doesn’t get you instantly approved for anything, especially not Central Bank Payments.
Just remember that even if crypto protocol goes trough the trouble to offer standardized ISO - anything, it doesn’t mean that ANY bank, central bank or a financial institutions will ever use it.
Articles such as these are click bait with very shallow research.
I hope this helps clear it up a bit 
Thank you so much for the clarification! Explained so well that even a beginner like me could understand it.
Would you happen to know anything about the discord channel? I tried to join but I’m getting stuck at the captcha stage. I send the captcha it is asking for but I never seem to be able to pass it.
I appreciate you for answering it in brief. I am also searching for it online and I am glad I found your post where I found my answer in brief.
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