SG-FORGE’s EUR CoinVertible Launches on XRP Ledger, Backed by Ripple Custody

Published: 2026-02-19 18:13:35 |

SG-FORGE has launched its regulated euro-pegged digital asset, EUR CoinVertible, on the XRP Ledger (XRPL), marking the third blockchain deployment after Ethereum and Solana. The move aims to leverage XRPL’s faster settlement, lower transaction fees and scalable Layer-1 infrastructure. Ripple’s custody solution is backing the launch, signaling institutional-grade custody and compliance. SG-FORGE said it may integrate EUR CoinVertible into Ripple’s product suite, including potential use as trading collateral. Company executives highlighted the project’s focus on transparency, security and regulatory compliance. The deployment underscores a deliberate multi-chain strategy targeted at technical strengths of each chain and arrives amid growing institutional interest and new compliance features on XRPL.

Bullish

The launch is bullish for XRPL and regulated euro stablecoins for several reasons: 1) Institutional custody: Ripple custody supporting EUR CoinVertible reduces counterparty and custody risk, making the asset more attractive to institutional traders and market makers. 2) Multi-chain distribution: Deploying on Ethereum, Solana and XRPL increases liquidity access and arbitrage pathways, improving market depth for the token and potentially boosting swap volumes across venues. 3) Technical advantages: XRPL’s low fees and fast settlement lower friction for high-frequency trading, collateral use, and cross-border flows, which can increase on-chain activity. 4) Compliance focus: A regulated stablecoin can attract regulated entities and exchanges that restrict unregulated assets, expanding demand. Short-term impact: modest positive price pressure and increased trading flow for XRPL-native markets and venues that list EUR CoinVertible; arbitrage opportunities may arise between chains. Long-term impact: improved institutional adoption of XRPL-based stablecoins and deeper EUR-pegged liquidity across DEXs and CEXs, which can support sustained demand for XRPL utility and rails. Risks: limited immediate token demand if listings are narrow, and broader market downturns could mute effects. Overall, the combination of custody, compliance and multi-chain liquidity points to a constructive market signal.