Societe Generale-FORGE (SG-FORGE) and SWIFT have demonstrated the integration of tokenized assets with traditional payment systems. This milestone, announced on January 15, 2026, involves the smooth exchange and settlement of tokenized bonds using both conventional fiat currencies and digital stablecoins. The achievement highlights the potential for bridging blockchain technology with established financial infrastructures, paving the way for more efficient global markets.
SG-FORGE, a subsidiary of Societe Generale focused on digital assets, has been collaborating with SWIFT—an international messaging network for banks—for several years.
Their joint efforts include partnerships with key financial institutions and regulatory bodies to create a reliable framework for cryptocurrencies. This latest initiative builds on experiments conducted by the European Central Bank (ECB) regarding interbank central bank digital currencies (CBDCs).
By leveraging distributed ledger technology (DLT), the project aims to enhance the speed, security, and compliance of transactions in the crypto ecosystem.At the heart of this development is SG-FORGE’s EUR CoinVertible, a stablecoin that complies with the Markets in Crypto-Assets (MiCA) regulation.
This makes it the first such digital asset inherently designed to work with SWIFT’s interoperability features.
During the trial, SWIFT acted as the central orchestrator, coordinating activities across various blockchain platforms and legacy payment systems.
The experiment covered essential market operations, including the issuance of tokenized bonds, delivery-versus-payment (DvP) settlements, coupon disbursements, and redemptions.
All these processes were executed successfully, with settlements flowing through SWIFT’s network, demonstrating compatibility between DLT-based assets and traditional fiat channels.
The technical foundation relies on SG-FORGE’s open-source CAST framework, which standardizes security tokens on blockchain.
SWIFT incorporated ISO 20022 standards to ensure regulatory adherence and operational efficiency.
Participating banks tested the setup, confirming its viability for real-world applications.
This integration not only highlights the feasibility of multi-platform transactions but also addresses long-standing challenges in digital finance, such as fragmentation between ecosystems.
The benefits are substantial for financial institutions and corporations.
Faster settlement times reduce risks and costs, while enhanced security measures promote trust in adopting digital solutions.
As tokenized assets gain traction, this interoperability could accelerate the shift toward 24/7, real-time cross-border payments.
Thomas Dugauquier, Tokenised Assets Product Lead at SWIFT, emphasized the collaborative spirit:
“This achievement shows how joint efforts and seamless connectivity will redefine capital markets. By enabling SWIFT to manage transactions across diverse platforms, we’re empowering clients to embrace digital assets reliably and expansively. It’s essentially linking time-tested finance with cutting-edge innovations.”
Jean-Marc Stenger, CEO of SG-FORGE, noted:
“Our partnership with SWIFT is driving the uptake of streamlined, rapid, and protected payment options for businesses and banks, utilizing DLT alongside EUR CoinVertible as a benchmark stablecoin.”
This trial is part of SWIFT’s expanding portfolio of digital asset experiments.
Last September, SWIFT revealed plans with over 30 international banks, including Societe Generale and SG-FORGE, to develop a shared blockchain-based ledger for global transfers.