Société Générale and Swift are testing stablecoin-settled tokenized bonds.

This article is machine translated
Show original

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.

Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments