The Deutsche Börse will integrate Crédit Agricole's MiCA-compliant stablecoin

BlockBeats News, November 18th, Deutsche Börse Group (DB1) and French bank Société Générale's FORGE signed an agreement to integrate regulated Euro and Dollar stablecoins into the support system of Europe's largest financial market.

Both parties will integrate SG-FORGE's Euro and Dollar CoinVertible tokens into Deutsche Börse's post-trade infrastructure, including the Clearstream clearing system. This collaboration enables banks and other market participants to settle transactions using tokenized cash within a regulated framework. By utilizing stablecoins, transacting parties can simultaneously transfer cash and securities on a shared ledger, enabling real-time settlement instead of waiting for end-of-day processing.

The initial phase will test CoinVertible as a settlement asset for securities and collateral workflows and explore its role in treasury functions.