German Stock Exchange to Add SocGen’s MiCA Stablecoins to Core Market Systems
Deutsche Börse Group and Societe Generale-FORGE are collaborating to integrate regulated stablecoins into the financial infrastructure of Europe. This integration will involve the CoinVertible stablecoins, which are pegged to the euro and the dollar, facilitating settlement, collateral management, and liquidity within Deutsche Börse's operations. The partnership aims to provide banks and market participants the ability to conduct cash and securities transactions using tokenized assets within a regulated environment. The initial phase will focus on testing CoinVertible for securities and collateral workflows, potentially enhancing treasury functions as well. This initiative aligns with ongoing efforts related to central bank digital currencies and broadens the application of MiCA-compliant stablecoins within Europe’s financial markets. Additionally, Deutsche Börse plans to list these stablecoins on its digital trading platforms to improve market liquidity and explore their usage across various services.
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