Deutsche Börse and SG-FORGE to Pilot Regulated Euro and Dollar Stablecoins

The partnership integrates SG-FORGE’s CoinVertible tokens into Deutsche Börse’s infrastructure to enable regulated settlement, collateral management and liquidity across Europe’s financial markets.

Summary

Deutsche Börse Group and Societe Generale-FORGE have agreed to integrate SG-FORGE’s regulated euro and dollar CoinVertible stablecoins into Deutsche Börse’s post-trade infrastructure, including Clearstream. The first phase will test the tokens in securities settlement, collateral workflows, and treasury functions, with plans to list them on digital trading platforms for liquidity. The move aims to allow instant settlement using tokenized cash under MiCA-compliant standards, connecting crypto-native participants with established financial systems. The partnership may expand use to clearing, custody, and data services, alongside ongoing wholesale CBDC pilots.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to the value of a stable asset, such as a fiat currency, to reduce volatility.
  • CoinVertible: A regulated euro and dollar stablecoin issued by SG-FORGE, designed for secure financial transactions in compliance with European MiCA regulations.
  • MiCA: Markets in Crypto-Assets regulation, a European Union framework governing issuance and operation of digital assets, including stablecoins.