Sygnum Accelerates European Expansion with Societe Generale-FORGE’s EURO Stablecoin

  • Sygnum adopts Societe Generale-FORGE’s solutions, a leader in European institutional digital asset adoption, and builds on its 20+ strong network of partner banks to expand into Europe as MiCA comes into force
  • Sygnum partner banks can now buy, hold and transfer Societe Generale-FORGE‘s EURCV stablecoin in addition to trading a range of digital assets 24/7 held in institutional-grade custody
  • EURCV stablecoin, backed by a major European bank and issued by its subsidiary, can streamline cross border capital flows, boost Euro-denominated transactions and speed up institutional adoption and growth
  • Societe Generale-FORGE’s 100% collateralized MiCA-compliant EURCV stablecoin can be freely transferred between counterparties without preapproval, significantly increasing its accessibility and usability
  • Follows close of Sygnum’s oversubscribed USD 58m funding round and reaching Unicorn status with post-money valuation of more than 1 billion

Zurich, January 22 2025 — Sygnum, a global digital asset banking group who recently announced its expanded EU market entry, is further enhancing its B2B platform offering via a collaboration with Societe Generale-FORGE, the digital asset subsidiary of one of Europe’s largest financial services groups, Société Générale. The EUR CoinVertible (EURCV), a MiCA regulated stablecoin, will be the first Societe Generale-FORGE product made available to Sygnum’s 20+ partner banks in Q1 2025.

Adoption of Societe Generale-FORGE’s stablecoin is a key part of Sygnum’s B2B internationalisation strategy as the Sygnum group builds on its network of partner banks in Switzerland to expand further into Europe with the MiCA regulation now in force. By adding more institutional-grade stablecoins like EURCV onto its platform, Sygnum enhances its B2B offering and at the same time strengthens its ties with one of the leading investment firms driving institutional adoption in Europe.

Societe Generale-FORGE’s EURCV CoinVertible Stablecoin provides a secure bridge for traditional financial players to invest in the digital asset ecosystem. Launched in 2023 on the Ethereum public blockchain, EURCV is 100% collateralised and MiCA compliant. Due to its e-money token classification, it can be freely transferred between counterparties without preapproval, significantly increasing its accessibility and usability. These advantages set the stage for EURCV’s broader adoption and innovative use cases in financial institutions.

In January 2025, Sygnum completed its oversubscribed USD 58m fundraising round, achieving Unicorn status with a post-money valuation of more than 1 billion, and launched staking services with PostFinance. In June 2024, Sygnum reached the milestone of 20+ banks and international financial institutions on its B2B platform. These institutions include PostFinance, ZugerKB, VZ Depotbank, PKB, Bordier and Bison Digital Assets. Collectively they execute over 1,000 trades per day and provide services for over a third of the Swiss population.

Fritz Jost, Sygnum Chief B2B Officer, says “The MiCA legislation, which is now in force, provides a strong legal framework and guard rails that will drive even broader adoption of crypto currencies in Europe. We already see many banks seriously evaluating crypto and establishing the milestones for their roll-out. They need trusted, regulated custodians, as well as best-in-class products like the EURCV stablecoin, to drive the industry towards this exciting inflection point. Our adoption of Societe Generale-FORGE’s stablecoin not only aims to increase access to their institutional solutions, but to enable all our B2B partners end-clients to own digital assets with complete trust.”

Jean-Marc Stenger, Societe Generale-FORGE CEO, says “As our relationship with Sygnum was initiated by the Maker DAO transaction in 2023, the adoption of the EURCV for banks and financial institutions connected to Sygnum’s B2B platform represents a new milestone in the collaboration. This initiative will enhance digital asset institutional adoption in Europe with a fully regulated stablecoin.”

About Sygnum
Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. We empower professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. Our team enables this through our institutional-grade security, expert personal service and portfolio of regulated digital asset banking, asset management, tokenization and B2B services.
In Switzerland, Sygnum holds a banking license and has CMS and Major Payment Institution licences in Singapore. The group is also regulated in the established global financial hubs of Abu Dhabi and Luxembourg and is registered in Liechtenstein.

We believe that the future has heritage. Our crypto-native team of banking, investment and digital asset technology professionals are building a trusted gateway between the traditional and digital asset economies that we call Future Finance. To learn more about how Sygnum’s mission and values are shaping this digital asset ecosystem, please visit sygnum.com and follow us on LinkedIn and X.

Media Contact:
Dominic Castley, Chief Marketing Officer
[email protected]

Sygnum Bank AG,
Uetlibergstrasse 134a,
8045 Zurich, Switzerland

Disclaimer: The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information. Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. Any statements contained in this publication attributed to a third party represent Sygnum‘s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorisation or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes.

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