Societe Generale subsidiary SG-Forge settles tokenized bond with stablecoin

SG-Forge, the cryptocurrency subsidiary of French financial giant Societe Generale, has completed a settlement for a tokenized bond using both cash and a stablecoin, CoinDesk reported. The transaction utilized EURCV, a euro-denominated stablecoin issued by SG-Forge, and was conducted in collaboration with the Society for Worldwide Interbank Financial Telecommunication (SWIFT). SG-Forge stated that the deal demonstrates the feasibility of core functions such as issuance, delivery versus payment (DvP), interest payments, and redemption.