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SWIFT, SG-Forge test tokenised bond settlement using euro stablecoin

SWIFT completed a test of settling a tokenised bond using Societe Generale’s euro stablecoin, Cointelegraph reported on Jan. 15. The project aimed to improve interoperability between traditional finance systems and blockchain-based assets. SG-Forge used the EURCV (EUR CoinVertible) stablecoin to complete exchange and settlement between fiat and digital currency. SG-Forge said EURCV complies with the EU’s MiCA rules and is natively compatible with SWIFT interoperability features.