SG-FORGE’s EUR CoinVertible is now available on the XRP Ledger

In line with its multi-chain deployment strategy, SG-FORGE announced that EUR CoinVertible is now launched on the XRP Ledger (the XRPL).

With this integration, SG-FORGE intends to increase adoption and benefit from the scalability, speed, and low cost of the XRPL, a secure and decentralized Layer 1 blockchain. The launch of EUR CoinVertible on the XRPL is being supported by Ripple’s custody solution.

„There will also be an opportunity to explore new use cases, including incorporating EUR CoinVertible into Ripple’s products and leveraging it as trading collateral. After Ethereum and Solana, this deployment reinforces SG-FORGE commitment to offering compliant crypto-assets that promote transparency, security, and scalability.” – according to the press release.

“Societe Generale-FORGE has long been a pioneer amongst European institutions when it comes to building out a market-leading crypto-assets offering for their customers,” said Cassie Craddock, Managing Director, UK & Europe, at Ripple. “Ripple is proud to have played a part in this journey as a long-standing digital assets infrastructure provider to SG-FORGE, providing proven and trusted technology that meets the highest security and operational standards.”

“The successful launch of EUR CoinVertible on the XRP Ledger is a new step, reinforcing our commitment to offering next-generation, compliant crypto-assets that promote transparency, security, and scalability. We look forward to further innovation and expanding the reach of our portfolio of digital assets solutions” said Jean-Marc Stenger, CEO at SG-FORGE.