SWIFT Completes Tokenized Bond Settlement with Stablecoin

SWIFT completed a pilot with Societe Generale-FORGE, BNP Paribas Securities Services, and Intesa Sanpaolo to settle tokenized bonds using both fiat and stablecoins. The trial demonstrated delivery-versus-payment, coupon payments, and redemption using SG-FORGE's MiCA-compliant EUR CoinVertible stablecoin.