SG-FORGE and Swift Complete First MiCA-Compliant Tokenized Bond Settlement via EUR CoinVertible

Societe Generale-FORGE (SG-FORGE) and Swift have reached a key milestone in digital finance, successfully completing the exchange and settlement of tokenized bonds in both fiat and digital currencies. The trial leveraged the EUR CoinVertible, SG-FORGE’s MiCA-compliant stablecoin, which is natively compatible with Swift’s interoperability framework, seamlessly linking blockchain platforms with traditional financial systems.

This collaboration demonstrates the practical integration of blockchain-based assets into conventional finance. By orchestrating issuance, delivery-versus-payment (DvP) settlement, coupon payments, and redemption across multiple platforms, Swift enabled tokenized bonds to leverage existing ISO 20022-compliant payment infrastructure. The initiative confirms that corporates and financial institutions can achieve faster, secure, and compliant settlements without overhauling traditional systems.

SG-FORGE has been actively collaborating with leading market participants and public institutions to build a secure, interoperable framework for crypto assets. Its open-source CAST standard, along with the EUR CoinVertible stablecoin, allows institutions to adopt blockchain-powered settlement with confidence and operational reliability.

“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 tokenized asset transactions, we’re paving the way for our customers to adopt digital assets with confidence, and at scale. It’s about creating a bridge between existing finance and emerging technologies.”

Jean-Marc Stenger, CEO of SG-FORGE, added: “By collaborating with Swift, SG-FORGE fosters efficient, fast, and secure payment solutions for corporates and financial institutions, leveraging distributed ledger technology and EUR CoinVertible as the reference stablecoin.”

This landmark trial follows Swift’s broader initiative to integrate blockchain into global banking infrastructure. In September 2025, Swift announced it would work with over 30 global banks, including SG-FORGE, on a shared digital ledger designed to enable real-time, 24/7 cross-border payments.

The successful settlement of tokenized bonds via EUR CoinVertible underscores the growing feasibility of regulated, interoperable digital assets, bridging the gap between traditional financial systems and the emerging blockchain economy.