German Stock Exchange to Add SocGen’s MiCA Stablecoins to Core Market Systems

Deutsche Börse Group and Societe Generale-FORGE announced a partnership to integrate regulated euro and dollar stablecoins, specifically the CoinVertible tokens, into Deutsche Börse's post-trade operations. This collaboration aims to enhance settlement, collateral management, and liquidity on digital platforms across Europe's financial markets. By allowing trades to be settled with tokenized cash in a regulated environment, market participants can move both cash and securities simultaneously, thus streamlining the process. The first phase of the integration will test CoinVertible as a settlement asset for securities, with plans to list the tokens on digital trading platforms to support liquidity. The initiative reflects a broader trend toward incorporating stablecoins into established financial infrastructure and explores potential applications in clearing, custody, and treasury functions, while also aligning with ongoing wholesale central bank digital currency pilots.

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