2 hours ago
Global slope messaging web SWIFT has tested Societe Generale’s euro-pegged stablecoin arsenic portion of a collaboration aimed astatine improving interoperability betwixt accepted fiscal systems and blockchain-based assets.
Societe Generale’s integer plus subsidiary, SG-Forge, connected Thursday announced it successfully completed the speech and colony of tokenized bonds successful some fiat and integer currencies.
The collaboration progressive transactions successful SG-Forge’s stablecoin EUR CoinVertible (EURCV), which the bank initially launched connected Ethereum successful 2023.
“This inaugural showed that tokenized bonds tin leverage existing outgo infrastructures, enabling fiscal institutions and corporates to payment from faster settlements and secure, compliant operational processes done the integration of ISO 20022 standards,” SG-Forge said.
“First MiCA-compliant stablecoin for SWIFT’s interoperability”
The associated task demonstrated the feasibility of cardinal marketplace cognition usage cases, including issuance, delivery-versus-payment settlement, coupon payments and redemption.
As portion of the cooperation, SG-Forge provided its open-source standard, called Compliance Architecture for Security Tokens (CAST), including its information token and the EURCV stablecoin.
Notably, SG-Forge referred to its EURCV stablecoin arsenic the archetypal on-chain colony plus that is compliant with Europe’s Markets successful Crypto-Assets (MiCA) model and is “natively compatible with Swift’s interoperability capabilities.”
SG-Forge’s station connected LinkedIn connected Thursday. Source: SG-Forge“By proving that Swift tin orchestrate multi-platform tokenized plus transactions, we’re paving the mode for our customers to follow integer assets with confidence, and astatine scale,” SWIFT’s tokenized assets merchandise lead, Thomas Dugauquier, said successful a associated announcement.
Related: Barclays makes archetypal stablecoin concern with involvement successful Ubyx
“It’s astir creating a span betwixt existing concern and emerging technologies,” helium added.
SWIFT works with 30 banks connected a shared blockchain-based ledger
SWIFT announced plans to “add blockchain-based ledger to its infrastructure stack” successful September 2025.
SG-Forge was 1 of astatine slightest 30 fiscal institutions worldwide that SWIFT named arsenic partners for its ledger project, which focuses connected real-time, 24/7 cross-border payments and began with a conceptual prototype developed by Ethereum bundle steadfast Consensys.
SWIFT’s station connected LinkedIn successful December 2025. Source: SWIFTSWIFT’s upcoming strategy is expected to use blockchain exertion to supply a “secure, real-time log of transactions” shared betwixt fiscal institutions that volition grounds sequence, validate transactions and enforce rules done smart contracts.
Cointelegraph reached retired to SG-Forge and SWIFT for remark connected the circumstantial blockchain networks utilized successful the precocious completed project, but had not received a effect by the clip of publication.
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