Société Générale-FORGE (SG-FORGE) and Swift have completed a seamless exchange and settlement of tokenised bonds using both fiat and digital currencies.
EUR CoinVertible, issued by SG-FORGE, is the first MiCA-compliant stablecoin compatible with Swift’s interoperability framework.
“This milestone demonstrates how collaboration and interoperability will shape the future of capital markets,” said Thomas Dugauquier, tokenised assets product lead at Swift.
“By proving that Swift can orchestrate multi-platform tokenised asset transactions, we’re paving the way for our customers to adopt digital assets with confidence and at scale.”
Building on initiatives by the European Central Bank (ECB) around interbank central bank currency, the collaboration aims to develop solutions that bridge existing financial systems with emerging technologies.
Together, the two firms completed the exchange and settlement of tokenised bonds, integrating both fiat currencies and stablecoins as settlement assets, with Swift playing an orchestration role across blockchain platforms and existing payment systems.
The transaction demonstrated core market functions, including issuance, delivery-versus-payment (DvP) settlement, coupon payments and redemption, using SG-FORGE’s CAST standard and its MiCA-compliant EUR CoinVertible stablecoin, interoperable with Swift.
“It’s about creating a bridge between existing finance and emerging technologies,” Dugauquier added.
