Deutsche Börse and SG-Forge to integrate stablecoins for settlement

Germany's Deutsche Börse Group and SG-Forge, the crypto subsidiary of French financial giant Societe Generale, have announced a collaboration to integrate euro and dollar-based stablecoins into Europe's financial market settlement and collateral infrastructure, CoinDesk reported. The two parties have agreed to link SG-Forge's stablecoin, CoinVertible, with Deutsche Börse's post-trade systems. This will allow banks and institutional investors to use tokenized cash for trade settlements and collateral exchanges, rather than relying on traditional Central Securities Depository (CSD) accounts.