SG-Forge And SWIFT Bridge Crypto And Traditional Finance


21h05 ▪
4
min read ▪ by
Luc Jose A.

Summarize this article with:

Société Générale, through its subsidiary SG-Forge, and the SWIFT network have just taken a major step forward in integrating blockchain with traditional finance. Together, they executed the settlement of tokenized bonds using a stablecoin backed by the euro, the EUR CoinVertible. This unprecedented experiment, compliant with the European MiCA framework, marks a key milestone towards concrete interoperability between classic banking systems and cryptos.

A paper bond gradually transforms into a digital block. A flow of euro stablecoin moves around it to complete the settlement — this symbolizes the test carried out by SWIFT and SG Forge.A paper bond gradually transforms into a digital block. A flow of euro stablecoin moves around it to complete the settlement — this symbolizes the test carried out by SWIFT and SG Forge.

In brief

Source link