Societe Generale-FORGE (SG-FORGE) has expanded its multi-chain strategy with the launch of EUR CoinVertible on the XRP Ledger (XRPL), marking another step in its push to scale compliant digital asset offerings across major blockchain networks.
Announced on Wednesday, the deployment brings the euro-denominated stablecoin to the XRPL ecosystem, following previous launches on Ethereum and Solana.
With this move, SG-FORGE aims to tap into the scalability, speed, and low transaction costs of the XRP Ledger while maintaining a strong focus on regulatory compliance and operational security.
The integration is supported by Ripple’s institutional-grade custody solution, reinforcing infrastructure safeguards around the asset’s issuance and management.
SG-FORGE Expands Utility Across the XRP Ecosystem
By launching EUR Coinvertible on the XRPL, SG-FORGE is positioning the stablecoin for broader institutional usage. The French company indicated that the integration could unlock new use cases, including potential incorporation into Ripple’s enterprise products and use as trading collateral within digital asset markets.
The XRP Ledger is widely recognized as a secure and decentralized Layer 1 blockchain designed for efficient cross-border payments and tokenized asset issuance.
Despite encountering a now-fixed JavaScript vulnerability last year, XRPL’s architecture is characterized by fast settlement times, low fees and strong security. These features are particularly relevant for regulated financial institutions exploring blockchain-based settlement solutions.
Cassie Craddock, Managing Director for UK & Europe at Ripple, highlighted the longstanding collaboration between the two firms. “Societe Generale-FORGE has long been a pioneer amongst European institutions when it comes to building out a market-leading crypto-assets offering for their customers,” Craddock said.
“Ripple is proud to have played a part in this journey as a long-standing digital assets infrastructure provider to SG-FORGE, providing proven and trusted technology that meets the highest security and operational standards,” she added.
Read also: From Scarcity to Utility: What Will Actually Drive XRP Price in 2026
Strengthening a Multi-Chain Strategy
The latest deployment reinforces SG-FORGE’s strategy of distributing EUR CoinVertible across multiple blockchain ecosystems to increase accessibility and resilience.
By operating across Ethereum, Solana, and now the XRP Ledger, the firm reduces reliance on a single network while broadening institutional reach.
Jean-Marc Stenger, CEO of SG-FORGE, described the XRPL launch as a milestone in the company’s digital asset roadmap. “The successful launch of EUR CoinVertible on the XRP Ledger is a new step, reinforcing our commitment to offering next-generation, compliant crypto-assets that promote transparency, security, and scalability,” Stenger said.
“We look forward to further innovation and expanding the reach of our portfolio of digital assets solutions,” he added.
As European financial institutions continue to explore tokenization and regulated stablecoins, the expansion of EUR Coincertible onto the XRP Ledger signals growing convergence between traditional finance and blockchain infrastructure.
The development also strengthens Ripple’s position as a key technology partner for regulated digital asset issuers across the region. With Binance fully integrating Ripple’s RLUSD stablecoin on the XRP Ledger, there is a rising adoption of the XRPL which could potentially boost utility for its native token, XRP.
