Deutsche Bank enters the stablecoin space, accelerating the arrival of tokenization in TradFi.

The German Deutsche Börse Group and Société Générale SG-Forge have officially announced their collaboration to incorporate the euro and US dollar stablecoin CoinVertible, which complies with MiCA regulatory requirements, into the European financial market settlement and collateral infrastructure system. This initiative is a significant milestone for traditional capital markets—marking the official implementation of tokenized cash in T+0 real-time settlement scenarios, which will directly replace cash assets in traditional CSD accounts.

From a trading logic perspective, the event has a neutral impact on BTC and ETH in the short term, but in the long term, it will inject strong momentum into the Web3 ecosystem, RWA (real world assets) infrastructure, and the narrative of compliant stablecoins, especially forming structural support for compliant assets like USDC and EURC.

For investors, it is important to closely track the cooperation progress between leading stablecoin issuers such as Centre and Paxos and traditional financial institutions (which is also the core catalyst of the RWA narrative), while also paying close attention to the on-chain TVL (Total Value Locked) growth trend of relevant compliant stablecoins. #美联储会议纪要将公布