SG-FORGE launches EUR CoinVertible on the XRP Ledger, expanding its multi-chain strategy after Ethereum and Solana. Ripple custody backs the move.
SG-FORGE has taken its euro-pegged digital asset to a third blockchain. The EUR CoinVertible is now live on the XRP Ledger. That is a shift worth paying attention to.
The firm confirmed the deployment on its official website at sgforge.com, noting the move follows earlier launches on Ethereum and Solana. Speed, cost, and scalability are the driving forces here. XRPL’s high-performance infrastructure is what made it the next target.
The Chain That Banks Are Quietly Watching
As @SG_Forge posted on X, the XRP Ledger brings faster settlement and lower transaction fees. After Ethereum and Solana, this third deployment shows a deliberate multi-chain push. Not a one-off experiment.
Ripple’s custody solution is supporting the launch. That detail is not small. It means the infrastructure behind the asset meets institutional-grade standards. SG-FORGE said it intends to explore incorporating EUR CoinVertible into Ripple’s existing product suite, with trading collateral as one potential use case.
You might also like: XRPL’s Permissioned DEX Goes Live, DeFi Will Never Be the Same
Cassie Craddock, Managing Director for UK and Europe at Ripple, said Societe Generale-FORGE has long been a pioneer among European institutions in building out a market-leading crypto-assets offering. Ripple is proud to have been part of that journey as a long-standing digital assets infrastructure provider, she added, citing the technology as meeting the highest security and operational standards.
Jean-Marc Stenger, CEO at SG-FORGE, described the XRPL launch as a new step. He said it reinforces the firm’s commitment to next-generation compliant crypto-assets that promote transparency, security, and scalability. The firm is looking forward to further innovation and expanding its digital assets portfolio.
Must read: OKX Secures Malta PI License to Expand EU Stablecoin Payments
Compliant Euro Stablecoin Across Three Chains Now
The EUR CoinVertible is regulated. That is the differentiator SG-FORGE keeps pushing. Most stablecoins skip compliance to move fast. This one goes the other direction.
Three chains. Ethereum first, Solana second. Now XRPL. Each one is chosen for what it offers technically. XRPL’s decentralized Layer 1 architecture and cost efficiency made it a logical fit. The pattern here points to SG-FORGE building something with legs, not just headlines.
Also worth your time: 65% of CEX Stablecoins Sit on Binance, Says CryptoQuant
The XRP Ledger itself has been drawing more institutional attention lately. New protocol features and compliance infrastructure on the chain have made it a different proposition than it was even 12 months ago. SG-FORGE’s move lands in the middle of that shift.
