Societe Generale-FORGE, the digital assets subsidiary of French banking group Societe Generale, announced on Feb. 18 that its euro-backed stablecoin, EUR Coinvertible, has launched on the XRP Ledger (XRPL), expanding its multi-chain deployment strategy.
“In line with its multi-chain deployment strategy, SG-FORGE is thrilled to announce that EUR Coinvertible is now launched on the XRP Ledger (the XRPL),” the company stated, adding:
“The launch of EUR Coinvertible on the XRPL is being supported by Ripple’s custody solution.”
It added: “There will also be an opportunity to explore new use cases, including incorporating EUR Coinvertible into Ripple’s products and leveraging it as trading collateral.”
Jean-Marc Stenger, CEO of SG-FORGE, explained: “The successful launch of EUR Coinvertible on the XRP Ledger is a new step, reinforcing our commitment to offering next-generation, compliant crypto-assets that promote transparency, security, and scalability. We look forward to further innovation and expanding the reach of our portfolio of digital assets solutions.”
The latest rollout follows previous deployments of EUR Coinvertible on Ethereum and Solana, underscoring SG-FORGE’s focus on compliant digital assets designed to meet regulatory standards while broadening institutional access to blockchain-based financial instruments. The integration enables SG-FORGE to leverage the scalability, speed, and low transaction costs of the XRP Ledger.
Cassie Craddock, Managing Director for UK and Europe at Ripple, remarked: “Societe Generale-FORGE has long been a pioneer amongst European institutions when it comes to building out a market-leading crypto-assets offering for their customers.” She noted:
“Ripple is proud to have played a part in this journey as a long-standing digital assets infrastructure provider to SG-FORGE, providing proven and trusted technology that meets the highest security and operational standards.”
- What is EUR Coinvertible?
EUR Coinvertible is a euro-backed stablecoin issued by Societe Generale-FORGE for compliant institutional digital asset use. - Why did SG-FORGE launch EUR Coinvertible on the XRP Ledger?
The move supports its multi-chain strategy while leveraging XRPL’s scalability, speed, and low transaction costs. - How is Ripple involved in the EUR Coinvertible launch?
Ripple provides custody infrastructure and may integrate EUR Coinvertible into its products as trading collateral. - Which blockchains support EUR Coinvertible?
EUR Coinvertible is deployed on the XRP Ledger, Ethereum, and Solana.
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