Societe Generale-FORGE and Swift Settle Tokenized Bonds Using Stablecoin

Core Insights - The pilot conducted by Societe Generale-FORGE and Swift successfully demonstrated the exchange and settlement of tokenized bonds using both fiat and digital currencies, showcasing end-to-end settlement flows [1][6] Group 1: Digital Asset Development - SG-FORGE's EUR CoinVertible, a MiCA-compliant stablecoin, was central to the trial, designed for on-chain settlement and compatible with Swift's interoperability [2] - The partnership with Bullish Europe GmbH aims to launch the USD CoinVertible (USDCV), positioning SG-FORGE at the forefront of regulated stablecoin adoption [3] Group 2: Collaboration and Framework - The collaboration builds on extensive work with major financial institutions and public bodies to create a secure and interoperable framework for digital assets [4] - Swift's orchestration role was critical in coordinating messages and settlements across platforms while ensuring compliance with financial messaging standards [4] Group 3: Hybrid Settlement Models - The project explores hybrid settlement models by incorporating fiat currencies alongside stablecoins, appealing to banks and corporate firms [5] - Settlement flows were completed using Swift infrastructure and ISO 20022 standards, reinforcing the feasibility of tokenized assets within existing regulatory frameworks [6] Group 4: Future of Capital Markets - The trial highlights a practical path toward faster settlement cycles, reduced operational risk, and enhanced transparency for capital market participants [7] - The collaboration supports the adoption of efficient, fast, and secure payment solutions for financial institutions using distributed ledger technology and EUR CoinVertible as a reference stablecoin [8]