SWIFT trials euro stablecoin in tokenized bond payments with SG-Forge

Societe Generale-Forge said its EUR CoinVertible stablecoin is the first MiCA-compliant digital asset that is “natively compatible” with SWIFT’s interoperability capabilities.

Global bank messaging network SWIFT has tested Societe Generale’s euro-pegged stablecoin as part of a collaboration aimed at improving interoperability between traditional financial systems and blockchain-based assets.

Societe Generale’s digital asset subsidiary, SG-Forge, on Thursday announced it successfully completed the exchange and settlement of tokenized bonds in both fiat and digital currencies.

The collaboration involved transactions in SG-Forge’s stablecoin EUR CoinVertible (EURCV), which the bank initially launched on Ethereum in 2023. 

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