Société Générale and Swift are testing stablecoin-settled tokenized bonds.
TL;DR
Société Générale's digital arm and Swift successfully tested tokenized bonds settled with a stablecoin, demonstrating collaboration between traditional finance and blockchain. This validates Swift's role in cross-platform transactions and supports capital market digitalization.
Tags
PANews reported on January 15th that, according to CoinDesk, SG-FORGE, the digital asset arm of Société Générale, partnered with Swift to successfully complete the issuance, delivery-to-payment (DvP), interest payment, and redemption of tokenized bonds using Swift's MiCA-compliant stablecoin, EUR CoinVertible (EURCV). This test validates the potential for collaboration between traditional payment systems and blockchain platforms. Swift's ability to coordinate cross-platform asset transactions is expected to accelerate the digitalization of capital markets. This project is part of a larger-scale digital asset experiment led by Swift and involving more than 30 global banks.