Sygnum, a global digital asset banking group who recently announced its expanded EU market entry, is further enhancing its B2B platform offering via a collaboration with Societe Generale-FORGE, the digital asset subsidiary of one of Europe’s largest financial services groups, Société Générale. The EUR CoinVertible (EURCV), a MiCA regulated stablecoin, will be the first Societe Generale-FORGE product made available to Sygnum’s 20+ partner banks in Q1 2025.

Adoption of Societe Generale-FORGE’s stablecoin is a key part of Sygnum’s B2B internationalisation strategy as the Sygnum group builds on its network of partner banks in Switzerland to expand further into Europe with the MiCA regulation now in force. By adding more institutional-grade stablecoins like EURCV onto its platform, Sygnum enhances its B2B offering and at the same time strengthens its ties with one of the leading investment firms driving institutional adoption in Europe.

Societe Generale-FORGE’s EURCV CoinVertible Stablecoin provides a secure bridge for traditional financial players to invest in the digital asset ecosystem. Launched in 2023 on the Ethereum public blockchain, EURCV is 100% collateralised and MiCA compliant. Due to its e-money token classification, it can be freely transferred between counterparties without preapproval, significantly increasing its accessibility and usability. These advantages set the stage for EURCV’s broader adoption and innovative use cases in financial institutions.

In January 2025, Sygnum completed its oversubscribed USD 58m fundraising round, achieving Unicorn status with a post-money valuation of more than 1 billion, and launched staking services with PostFinance. In June 2024, Sygnum reached the milestone of 20+ banks and international financial institutions on its B2B platform. These institutions include PostFinance, ZugerKB, VZ Depotbank, PKB, Bordier and Bison Digital Assets. Collectively they execute over 1,000 trades per day and provide services for over a third of the Swiss population.

Fritz Jost, Sygnum Chief B2B Officer, says “The MiCA legislation, which is now in force, provides a strong legal framework and guard rails that will drive even broader adoption of crypto currencies in Europe. We already see many banks seriously evaluating crypto and establishing the milestones for their roll-out. They need trusted, regulated custodians, as well as best-in-class products like the EURCV stablecoin, to drive the industry towards this exciting inflection point. Our adoption of Societe Generale-FORGE’s stablecoin not only aims to increase access to their institutional solutions, but to enable all our B2B partners end-clients to own digital assets with complete trust.”

Jean-Marc Stenger, Societe Generale-FORGE CEO, says “As our relationship with Sygnum was initiated by the Maker DAO transaction in 2023, the adoption of the EURCV for banks and financial institutions connected to Sygnum’s B2B platform represents a new milestone in the collaboration. This initiative will enhance digital asset institutional adoption in Europe with a fully regulated stablecoin.”