Coinvertible
Stablecoin
An institutional-grade stablecoin with full transparency
We integrated all of Societe Generale expertise to deliver EUR CoinVertible (EURCV), a stablecoin to provide a bridge between the traditional financial system and the digital assets world. By being fully collateralized, transparent, and meeting regulatory requirements while being available on public blockchains, it can offer the benefits of digital assets such as efficiency and security while reducing the volatility associated with many cryptocurrencies.
Complete transparency on stablecoin and collateral positions, with data updated every business day on SG-FORGE website and a comprehensive white paper.
October 2023 update
The EURCV smartcontract was updated on 27 October 2023 for improved resiliency and to allow faster transfers between whitelisted participants.
The new Ethereum address is 0x5F7827FDeb7c20b443265Fc2F40845B715385Ff2 and all balances as of 27 October 2023 were transferred in this smartcontract on 27 October 2023. Simultaneously, all outstanding tokens of the previous smartcontract were burnt on 27 October 2023.
MiCA Regulation compliance and free transferability update
SG-Forge has been granted with an electronic money institution license with the ACPR (Autorité de Contrôle Prudentiel et de Résolution) and has meticulously restructured EURCV to now ensure all capabilities of an open stablecoin are met: compliance with the European Markets in Crypto Assets Regulation (MiCA), with EURCV qualifying as e-money token, and free transferability without whitelisting restrictions. These significant changes pave the way for a wider adoption of EURCV, while maintaining high compliance and security standards.
Please read the white paper for more information, as well as the accompanying notice, available below.
For existing token holders, details of the changes are described in the notice here.
EURCV in circulation
39.038.325
Last update 21/11/24
Collateralization ratio
Cash deposit
Our white paper
EUR CoinVertible
EURCV
EURCV holders can also request redemption of their EURCV against EUR on Bitstamp, as Preferred Partner of SG-FORGE. See the white paper for more details.
Legal structure guaranteeing the segregation of the collateral assets held to back the value of the stablecoins.
Robust collateral structure with stringent collateral eligibility criteria (minimum rating, liquidity) and full availability of such collateral (insulated from SG-FORGE estate, unencumbered).
Technical implementation through the CAST* Framework to provide streamlined solutions that are compatible and compliant with traditional financial practices, e.g. know-your-customer (KYC) and anti-money-laundering (AML) regulations.
(*) The Compliant Architecture for Security Token (CAST) framework provides practical open-source propositions for distributed ledger technology integration within current financial infrastructures.
Etherscan.io
EURCV Ethereum smartcontract
0x5F7827FDeb7c20b443265Fc2F40845B715385Ff2
HACKEN Audit | EURCV Ethereum smart contract
The EURCV Ethereum smart contract has been audited by the renowned blockchain security auditor HACKEN in June 2024. The audit report is available in open source here.
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Issuance of digital bonds by clients
Structured Products
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