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BCB Markets has partnered with Societe Generale’s crypto venture, Societe Generale–FORGE (SG-FORGE), to introduce EURCoinVertible (EURCV), a euro-backed stablecoin, to the institutional market. This collaboration promises the scalable deployment of the first MiCA-compliant euro-based stablecoin in the European financial system, presenting a robust alternative to the dollar-dominated landscape. EURCV is fully backed by cash reserves and pegged directly to the euro, offering users both price stability and regulatory transparency. Institutions can leverage this product to conduct international transfers with reduced costs, quicker settlement times, and without intermediary reconciliation.
Strategic Partnership for Euro-Backed Cryptocurrency
Established in 2020, SG-FORGE serves as the blockchain innovation arm of the Paris-based Societe Generale, focusing on security tokenization and cryptocurrency payment solutions. BCB Group’s regulated institutional brokerage platform, BCB Markets, operates from its London and Zug offices, providing crypto liquidity to banks, hedge funds, and payment providers. The new distribution agreement between the two parties encompasses the necessary technical bridges for the custody, settlement, and integration of EURCV into end-user wallets. For the first time, a euro-backed stablecoin issued by a banking licensed entity becomes collectively accessible across an extensive institutional network from the UK to Singapore.
Launched in April 2023, EURCV has been cited by French regulators as a model complying with MiCA criteria. Each token maintains complete transparency by retaining 100% reserves in cash and short-term Treasury bills, verified by independent auditors who publish monthly reports. SG-FORGE’s smart contract-based issuance mechanism automates the token’s issuance and recall processes and holds the authority to halt transactions at the block level, mitigating money laundering risks. This strategy aligns closely with MiCA’s principles of reserve management, licensing, and consumer protection.
BCB Europe CEO Jerome Prigent emphasized the strategic importance, stating, “The market has long relied on dollar-indexed products; however, the euro now deserves its regulated digital representation.” SG-FORGE’s Jean-Marc Stenger echoed this sentiment, expressing determination to promote EURCV as a secure means of payment across various geographies. In the short term, the companies plan to leverage BCB’s banking APIs to conduct EURCV settlement at real-time gross settlement (RTGS) speed, with mid-term goals to integrate the token into derivative collateral and securities settlement operations.
Rapid Transformation in Cross-Border Institutional Payments
Today, digital asset exchanges, neobanking ventures, and traditional banks within BCB Markets’ clientele often depend on the USD corridor for cross-currency transfers. With EURCV, institutions can bypass the Americas for euro-denominated on-chain settlements, diminishing counterparty risk and eliminating FX costs. This development facilitates liquidity management and accelerates working capital cycles, particularly as B2B payment traffic between Europe and the Middle East grows.
Fintech companies in Latin America and Africa also view euro-based stablecoins as an attractive alternative in remittance markets where local banking infrastructure falls short. Analysts project that widespread adoption of EURCV could slash cross-continental remittance costs to a third of their previous levels and reduce transaction times from days to minutes. BCB Markets assures that the token will achieve concurrent liquidity on both Solana 
$145 and Ethereum 
$2,445 networks, ensuring no delays even during periods of high demand.
Experts believe that the comprehensive licensing roadmap provided by MiCA’s full implementation in July 2025 will accelerate the adoption of euro-backed stablecoins by both banks and large payment networks. SG-FORGE’s leading position offers regulated testing grounds for institutions before the European Central Bank’s digital euro pilot project. This facilitates access to euro price stability, free from inflation, for major corporations in aviation, e-commerce, and energy sectors as they handle cross-border supply chain payments.
