Societe Generale’s digital-asset unit SG-FORGE has added the XRP Ledger to the roster of networks supporting its euro stablecoin, EUR CoinVertible, expanding a multi-chain deployment that already includes Ethereum and Solana.
In a Feb. 18, 2026 press release, SG-FORGE said the XRPL integration is part of a “multi-chain deployment strategy,” aimed at broadening adoption by leveraging the ledger’s scalability, speed and low costs. The firm described XRPL as a “secure and decentralized Layer 1 blockchain,” and framed the decision in infrastructure terms—performance, cost and architecture—rather than token narratives or community affinity. SG-FORGE initially signalled plans to deploy its MiCA-aligned euro stablecoin on XRPL in November 2024.
Ripple is directly involved: the launch is “supported by Ripple’s custody solution,” the press release notes, and SG-FORGE flagged next steps that appear oriented to institutional workflows, including potential integration into Ripple’s product suite and use of EUR CoinVertible as trading collateral. That institutional thrust was echoed across statements tied to the go-live.
“Delighted that EUR CoinVertible is live on the XRP Ledger! A win for the ecosystem. Proud to have Ripple’s custody tech powering this milestone,” Cassie Craddock, Ripple’s UK & Europe managing director, said in a social post. Jean-Marc Stenger, CEO of SG-FORGE, called the deployment “a new step” in the firm’s regulated product push and said the company looks forward to “further innovation and expanding the reach.”
Ripple staff also used the moment to underline how bank-led launches differ from community projects. Luke Judges, a Ripple employee, noted that “a top 10 European bank with $1.8TN in assets does not follow XRP ledger community norms or niceties and has their own compliance reqs & timescale for announcements,” highlighting the compliance-first timetable for institutional issuers.
Why it matters: the move signals continued institutional interest in XRPL as a settlement and treasury layer, and it brings a bank-issued, compliance-forward euro stablecoin into the ledger’s ecosystem—potentially opening the door to more professional trading and custody use cases. At press time, XRP traded at $1.42.
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