Overview
- SG‑FORGe and Swift executed end‑to‑end workflows for tokenized bonds, covering issuance, delivery‑versus‑payment, coupon payments, and redemption.
- EUR CoinVertible (eURCV) served as the MiCA‑compliant euro settlement asset alongside fiat, integrated through ISO 20022 messaging.
- Swift orchestrated transactions across blockchain platforms and existing systems to let banks use familiar operations without new blockchain plumbing.
- BNP Paribas Securities Services and Intesa Sanpaolo participated as paying agents and custodians, demonstrating standard roles for tokenized securities.
- Swift says lessons from these trials feed into a planned blockchain‑based shared ledger with 30+ banks and proposed market practice guidelines for scale.