Originally launched as "Saga" (SGA) and later rebranded to Sogur (SGR), the company aimed to create a compliant and stable global digital currency. The SGR token was designed to be a stablecoin, with its value algorithmically linked to a reserve basket of currencies mirroring the International Monetary Fund's Special Drawing Rights (SDR). Uniquely, the project featured a democratic governance model where token holders could vote on the company's board and key monetary policies. The project was notably classified as a payment system by the Swiss Financial Market Supervisory Authority (FINMA). However, due to challenging market conditions, the company's board announced the decision to wind down operations and liquidate the company in March 2023.

Founded in

Switzerland