"SG-FORGE announced the XRPL deployment on February 19, 2026, one day after the token went live. The integration uses Custody-formerly Metaco, the institutional custody platform Ripple acquired in 2023-to secure reserves and manage on-chain issuance. EURCV is backed 1:1 by bank deposits or high-quality liquid securities, with SG-FORGE publishing daily reserve reports. The transparency framework helped EURCV become the first euro stablecoin designed specifically around MiCA's requirements, which took effect in mid-2024."
"The launch follows a SWIFT pilot conducted earlier in 2026, where EURCV was tested for the exchange and settlement of tokenized bonds alongside major banks including BNP Paribas and Intesa Sanpaolo. The trial demonstrated delivery-versus-payment flows using EURCV for on-chain settlement-a signal that SG-FORGE is positioning the token for institutional-grade settlement rails, not only DeFi liquidity. SG-FORGE CEO Jean-Marc Stenger framed the expansion as part of a broader multi-chain strategy: "The successful launch of EUR CoinVertible on the XRP Ledger constitutes a new step that reinforces our commitment to offering next-generation compliant crypto-assets, promoting transparency, security and scalability.""
Société Générale's SG-FORGE deployed the MiCA-compliant euro stablecoin EURCV on the XRP Ledger on February 19, 2026, adding XRPL to an existing multi-chain strategy. The XRPL integration uses Custody (formerly Metaco) to secure reserves and manage on-chain issuance. EURCV is backed 1:1 by bank deposits or high-quality liquid securities, with daily reserve reports published for transparency. A SWIFT pilot earlier in 2026 tested EURCV for exchange and settlement of tokenized bonds with major banks, demonstrating delivery-versus-payment on-chain settlement. The deployment targets institutional-grade settlement rails while maintaining presence on Ethereum for broader liquidity.
Read at 24/7 Wall St.
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