Société Générale’s digital asset arm, SG-FORGE, has launched its euro stablecoin, EUR CoinVertible, on the XRP Ledger, marking the third blockchain for the token. The move, announced on February 19, 2026, follows deployments on Ethereum and Solana, and highlights the bank's multi-chain strategy for institutional use. This development comes amid a series of institutional adoptions on the XRP Ledger in February 2026.
On February 18, 2026, SG-FORGE deployed EUR CoinVertible (EURCV) on the XRP Ledger (XRPL), making it the third public blockchain to host the MiCA-compliant euro stablecoin. Previously launched on Ethereum in April 2023 and Solana in June 2025, EURCV is backed 1:1 by bank deposits or high-quality liquid securities, with daily reserve reports published by SG-FORGE. The integration utilizes Ripple Custody for securing reserves and managing on-chain issuance.
Société Générale, France’s third-largest bank with approximately $1.8 trillion in assets, positions EURCV for institutional settlement. The deployment follows a SWIFT pilot earlier in 2026, where EURCV facilitated delivery-versus-payment flows for tokenized bonds alongside banks like BNP Paribas and Intesa Sanpaolo. SG-FORGE CEO Jean-Marc Stenger stated, “The successful launch of EUR CoinVertible on the XRP Ledger constitutes a new step that reinforces our commitment to offering next-generation compliant crypto-assets, promoting transparency, security and scalability.”
XRPL's appeal lies in its 3-5 second transaction finality and average cost of $0.0002 per transaction, compared to Ethereum’s longer settlement times and variable fees. Access to EURCV on XRPL is restricted to onboarded institutional clients passing KYC/AML checks, leveraging XRPL’s native compliance features. Ripple’s Managing Director for UK & Europe, Cassie Craddock, commented on X, “Bringing EUR CoinVertible to the XRPL is a huge win for the ecosystem, combining institutional-grade compliance with the speed and low costs the XRPL is known for.”
This launch aligns with other February 2026 announcements boosting XRPL adoption. On February 20, Japanese firm SBI Holdings revealed a 10 billion yen ($64.5 million) security token bond offering with XRP rewards for retail investors who open accounts with its crypto subsidiary by May 11. SBI also partnered with Asia Web3 Alliance Japan to support XRPL-based startups. Additionally, Deutsche Bank announced on February 19 plans to integrate Ripple’s technology for payments, without using XRP, and Aviva Investors partnered with Ripple on February 11 for fund tokenization.
These moves have propelled XRPL to second place in 30-day real-world asset (RWA) growth, with a 15.37% increase to about $1.5 billion in tokenized assets. However, XRP’s price traded near $1.40, down 30% in February, amid broader market fears. Sources note that while infrastructure adoption grows, banks deploy on XRPL without necessarily holding XRP, facing competition from initiatives like SWIFT’s blockchain ledger.
