- Ripple has partnered with Société Générale’s SocGen Forge to launch a Euro-backed stablecoin on the XRP Ledger, positioning XRPL as a key platform for institutional blockchain solutions.
- This move builds on Ripple’s focus on secure digital asset custody and tokenization, catering to the growing demand for regulated financial products in Europe.
Ripple is stepping up its blockchain game in Europe with the confirmed launch of a Euro-backed stablecoin on the XRP Ledger (XRPL), in collaboration with Société Générale’s digital asset division, SocGen Forge. Announced during the Paris Blockchain Week 2025, the move signals Ripple’s growing influence in the regulated digital finance space—and highlights its vision of turning XRPL into a hub for institutional-grade financial solutions.
US | Europe MD Cassie Craddock for @Ripple in Paris.
3:54 curated clip
👍Confirms EURO stablecoin on #XRP Ledger
💯Bank Grade Custody was critical since it is the entry point to an end-to-end solution.For retail, expect wallet custody competition to🔥heat up, big time. pic.twitter.com/lrH8zgUauc
— 🌸Crypto Eri ~ Carpe Diem (@sentosumosaba) April 13, 2025
SocGen Forge Joins Ripple to Issue Euro-CV
At the core of this initiative is the Euro-CV stablecoin, set to operate natively on XRPL. SocGen Forge, initially brought in to collaborate on custody infrastructure, now plays a pivotal role in issuing the stablecoin. The project marks an evolution in Ripple’s strategy, positioning XRPL as not just a payment protocol but as a foundational layer for Europe’s emerging tokenized economy.
This stablecoin comes on the heels of Ripple’s recent RLUSD launch and is designed to meet the strict compliance demands outlined under Europe’s Markets in Crypto-Assets (MiCA) regulation. With clear legal guidelines in place, the region is seeing a surge in blockchain adoption, and Ripple is keen to lead that charge.
Ripple’s Strategic Shift to Custody and Tokenization
Since acquiring key custody technologies in 2023, Ripple has increasingly focused on providing secure digital asset management solutions. Its custody platform supports everything from money market fund tokenization to scalable payments infrastructure, tailored specifically for banks, asset managers, and fintech companies.
Ripple’s Managing Director for Europe emphasized that custody is the foundation for institutional adoption. Without secure and regulated storage solutions, the broader use of tokenized securities or digital currencies remains out of reach for most financial entities. Ripple’s offerings are designed to bridge that gap.
Ripple Targets Institutional Market with XRPL
The XRP Ledger is gaining traction as a viable alternative to Ethereum and other blockchains, thanks to its low transaction costs and high scalability. Ripple sees the Euro-CV stablecoin as a catalyst for attracting institutional users to XRPL—banks and enterprises that demand both compliance and performance.
Ripple’s growing network of partnerships with regulated financial institutions reflects its ambition to create an end-to-end digital finance infrastructure across Europe. As more institutions embrace tokenization, Ripple’s blend of custody, compliance, and scalable blockchain solutions positions it as a key player in shaping Europe’s digital asset future.
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