German exchange Deutsche Börse has announced plans to integrate EUR and USD CoinVertible stablecoins developed by Société Générale’s digital asset subsidiary, SG-Forge, into its operational framework.
The primary objective of this collaboration is to enhance the collateral management framework of CoinVertible, positioning it as an effective settlement tool for securities transactions, collateral management, and treasury functions at Clearstream, the post-trade entity within the Deutsche Börse Group. The initiative also aims to boost the liquidity of CoinVertible through a new listing on the digital trading platforms operated by Deutsche Börse Group.
Future developments will include a joint assessment of the potential for integrating EUR and USD CoinVertible stablecoins throughout Deutsche Börse Group’s entire service portfolio, thereby expanding applications that bridge traditional capital markets and the cryptocurrency ecosystem.
Stephanie Eckermann, a member of the Executive Board of Deutsche Börse Group, who oversees post-trading operations, stated, “We believe that the future financial landscape must embrace digitization not just conceptually, but in actionable terms. We are committed to embedding stablecoins within a regulated, reliable, and trusted framework to unlock their full potential and deliver innovative solutions for our clients.”