SWIFT Tests Societe Generale’s MiCA-Compliant Euro Stablecoin

Global bank messaging network SWIFT collaborated with Societe Generale's digital asset subsidiary, SG-Forge, to test the interoperability between traditional finance and blockchain assets. The successful test involved the exchange and settlement of tokenized bonds using SG-Forge's euro-pegged stablecoin, EUR CoinVertible (EURCV), which is compliant with Europe's Markets in Crypto-Assets (MiCA) framework. SG-Forge highlighted that this demonstrated tokenized bonds can utilize existing payment infrastructures, leading to faster settlements and secure processes by integrating ISO 20022 standards. The project proved key use cases like issuance, delivery-versus-payment settlement, and coupon payments. SWIFT views this as paving the way for customers to confidently adopt digital assets at scale by creating a bridge between existing finance and emerging technologies.

(Source：Cointelegraph)