Societe Generale-FORGE Launches EURCV Stablecoin; Nasdaq, Kraken Partner for Tokenized Equities
Societe Generale’s blockchain subsidiary, FORGE, has officially launched EURCV, an institutional stablecoin, on the Stellar network. This strategic move aims to facilitate efficient cross-border payments and on-chain settlement for institutional clients, marking a significant advancement for traditional finance within the digital asset landscape. The EURCV stablecoin is designed to meet stringent regulatory compliance, offering a regulated euro-denominated asset for wholesale markets.
In a parallel development bridging traditional and digital finance, Nasdaq and crypto exchange Kraken have partnered to unveil a gateway for 24/7 tokenized equities. This collaboration seeks to expand access and liquidity for equity markets by leveraging blockchain technology, enabling continuous trading beyond traditional market hours. This initiative underscores a growing trend of major financial infrastructures exploring Web3 capabilities for enhanced market efficiency.
Further highlighting activity in the digital domain space, the premium domain Green.com was sold by IAC, with ATM Holdings overseeing the transaction. This notable sale reflects continued investment and value recognition in high-quality digital real estate. Concurrently, the IRS released proposed regulations to modernize broker-dealer payee statements concerning digital asset sales, signaling ongoing efforts to clarify taxation and reporting requirements for market participants.
Latest
- UK, Hong Kong Advance Tokenized Funds, Stablecoins; PayPal Integrates Crypto
- Visa Expands Stablecoin Network; MoonPay Acquires Security Firm
- Anchorage and Centrifuge Launch Regulated Stablecoin and Credit Infrastructure
- Coinbase and SoFi Bridge Institutional Finance with Tokenized Credit and Banking
- Ripple Secures Kbank Partnership as Australia Drafts New Stablecoin Rules