The Bank of New York Mellon contributed to SG-Forge’s stablecoin initiative by serving as the reserve custodian for USD CoinVertible (USDCV), ensuring regulated collateral management and linking traditional finance with blockchain infrastructure.

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SG Forge’s USD CoinVertible has Bank of New York Mellon acting as reserve custodian for the token.
BNY Mellon, the largest custodian bank globally, has been appointed as USDCV’s reserve custodian. The U.S. financial institution will safeguard the stablecoin’s collateral reserves, which are composed of high-quality, liquid assets that meet strict eligibility criteria.