German Stock Exchange to Add SocGen’s MiCA Stablecoins to Core Market Systems
Deutsche Börse Group and Societe Generale-FORGE have announced an agreement to integrate SocGen’s regulated euro and dollar CoinVertible stablecoins into Deutsche Börse's post-trade operations, including Clearstream. This move aims to enhance settlement, collateral management, and liquidity in Europe's financial markets. By utilizing tokenized cash, trade settlements can occur simultaneously, allowing for real-time transactions without waiting for end-of-day processes. The initial phase will involve testing CoinVertible as a settlement asset and potentially listing it on Deutsche Börse's digital platforms to support liquidity. This partnership strengthens SG-FORGE’s position as a significant stablecoin issuer in Europe, linking crypto-native players with established financial market infrastructures. Both organizations will explore the use of these stablecoins across Deutsche Börse’s services, including clearing and custody.
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