SWIFT Tests MiCA-Compliant Euro Stablecoin for Tokenized Bond Payments
SWIFT and Societe Generale-Forge completed tests showing EUR CoinVertible can interoperate with SWIFT’s interoperability framework, with scenarios built around tokenized bond payments. SG-Forge describes the EUR CoinVertible as the first MiCA-compliant digital asset that is natively compatible with SWIFT’s messaging and interoperability standards, a milestone intended to bridge traditional banking infrastructure and on-chain tokenized instruments.
The development matters because MiCA compliance and SWIFT compatibility could lower barriers for banks and institutional issuers to settle tokenized debt through familiar rails, potentially speeding settlement and reducing fragmentation between custodians and payment networks. The work is still at testing stage, so market participants will be watching further trials, wider integration, and live use cases to judge whether the approach can scale for broader institutional adoption.