- April 24, 2023
- Posted by: [email protected]
- Category:
Societe Generale, a French multinational bank, through its regulated subsidiary Societe Generale-FORGE, has taken a giant leap towards innovation with the launch of EUR CoinVertible, an Ethereum-based stablecoin designed to maintain a stable value in the Euro denomination. This marks a significant milestone in the company’s pursuit of transparent and secure initiatives in the digital asset space.
SG-FORGE’s Ethereum-powered stablecoin is more than just a digital asset – it represents a game-changing solution that bridges the gap between traditional capital markets and the digital asset ecosystem. Built on the CAST open-source interoperability and securitization framework, the project promises to deliver cutting-edge settlement and cash management solutions for institutional clients.
With EUR CoinVertible, SG-FORGE is set to provide robust settlement assets for on-chain transactions, and innovative solutions for corporate treasury, cash management, and cash pooling activities. The stablecoin is also set to offer on-chain liquidity funding and refinancing solutions, as well as a solution for intra-day liquidity needs-features that cater to institutional investors’ expectations and mark a significant step towards a more secure, transparent, and efficient financial system.
SG-FORGE’s CEO, Jean-Marc Stenger, is confident that robust banking-grade structures and stabilization mechanisms built into digital assets are essential for increasing trust and confidence in the crypto ecosystem, which is why they have created an open, secure, and institutional-grade platform for digital asset operations, backed by full banking-level safety and regulatory compliance. With its extensive experience and commitment to innovation, SG-FORGE is indeed setting new standards for digital asset operations.
SG-FORGE’s commitment to innovation and full regulatory compliance sets new standards for digital asset operations, and bridges the gap between traditional capital markets and the digital asset ecosystem. As SG-FORGE plans to work with reputable digital asset exchanges and trusted third-party platforms to list EUR CoinVertible in the coming months, the future looks bright for users of this cutting-edge digital asset.
