Starting in the first quarter of 2025, the EUR CoinVertible (EURCV), a MiCA-compliant stablecoin, will become accessible to over 20 partner banks via Sygnum’s platform. This move reflects Sygnum’s strategy to grow its B2B operations across Europe and marks a significant step in integrating institutional-grade stablecoins into traditional finance. By leveraging MiCA regulations, Sygnum aims to extend its reach beyond Switzerland, further strengthening its partnership with SG-Forge, the issuer of EURCV.
What is EUR CoinVertible (EURCV)?
Launched in 2023 on the Ethereum blockchain, EURCV is a fully collateralized stablecoin classified as an e-money token under MiCA regulations. Designed for seamless transfers between financial institutions, EURCV eliminates the need for prior approvals, enhancing accessibility and usability. Its secure framework bridges the gap between traditional finance and the digital asset ecosystem, fostering broader adoption and unlocking innovative use cases for regulated digital currencies.
Sygnum’s Expanding B2B Network
Sygnum has experienced rapid growth, underpinned by a strong commitment to innovation and regulatory compliance. In January 2025, the firm raised USD 58 million in funding, boosting its valuation to over USD 1 billion. By mid-2024, Sygnum’s B2B platform included 20 partner institutions, such as PostFinance, ZugerKB, and VZ Depotbank.
Sygnum officials emphasize that regulatory clarity is critical to driving institutional adoption of digital assets across Europe. MiCA regulations provide the legal certainty needed for banks to explore and integrate cryptocurrency solutions. By incorporating regulated custodial services and assets like EURCV, Sygnum positions itself to meet the evolving demands of its B2B partners and their clients.
A Strengthened Partnership with SG-Forge
Societe Generale-FORGE representatives also highlighted the growing collaboration with Sygnum. Building on their initial MakerDAO transaction in 2023, the addition of EURCV to Sygnum’s platform marks a pivotal step in advancing the adoption of regulated stablecoins. This partnership underscores a shared vision to promote digital asset innovation and facilitate institutional use of cryptocurrencies across Europe.