PANews, November 18 news, according to CoinDesek reports, Deutsche Börse Group (DB1) and SG-FORGE, a digital asset subsidiary of Société Générale, announced on Tuesday that they plan to introduce regulated euro and US dollar stablecoins into their infrastructure. The two parties have signed an agreement to integrate SG-FORGE's euro and US dollar stablecoin CoinVertible with Deutsche Börse's backend systems, including Clearstream. The first phase will test the performance of CoinVertible as a settlement asset for securities and collateral workflows, and explore its role in cash management functions.
Deutsche Börse also plans to list these tokens on its digital trading platform to enhance liquidity. Both parties will explore whether stablecoins can be used in Deutsche Börse's broader service lines, including Settlement, custody, and data tools aimed at banks, asset managers, and cryptocurrency companies. This collaboration is advancing in parallel with the wholesale central bank digital currency pilot project in which both companies are participating.
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