Overview
- SG-FORGE launched EUR CoinVertible on the XRP Ledger after earlier deployments on Ethereum and Solana, extending a deliberate multi‑chain strategy.
- Ripple is providing custody and infrastructure support for the rollout, positioning XRPL for compliant payments, settlement and collateral use by institutions.
- SG-FORGE cites low fees and sub‑five‑second settlement on XRPL as key reasons for the move, emphasizing predictable performance for regulated use cases.
- Reported circulating supply varies, with CoinGecko listing about €65.8 million and SG-FORGE disclosures citing roughly 70.51 million tokens, both fully backed 1:1 by cash or high‑quality securities.
- The go‑live coincides with XRPL governance work on features such as a Permissioned DEX, a regulated trading venue design that aligns with institutional requirements.