SG-FORGE launches the EUR CoinVertible stablecoin

May 2023 in News Headlines

SG-FORGE, a fully integrated and regulated subsidiary of Societe Generale group dedicated to digital assets, has launched the EUR CoinVertible, a digital asset that purports to maintain a stable value (stablecoin). EUR CoinVertible is deployed in Euro denomination on the Ethereum public blockchain (ticker code: EURCV). This pioneering project is designed to bridge the gap between traditional capital markets and the digital assets ecosystem based on the CAST open-source interoperability and securitization framework. Jean-Marc Stenger, Chief Executive Officer at SG-FORGE said: “Digital assets with stabilisation mechanisms – i.e. stablecoins – built under a robust banking-grade structure will be a key element to increase trust and confidence in the native crypto ecosystem. This issuance is a major step in Societe Generale–FORGE’s roadmap to deliver innovative solutions to its clients, either real-money institutions and corporates or entities of the crypto industry, and to facilitate the emergence of new market infrastructures based on blockchain technology.”