Societe Generale’s digital asset arm, SG‑FORGE, is expanding its tokenized finance infrastructure by deploying its regulated euro‑denominated EURCV and dollar‑denominated USDCV stablecoins on the Canton Network. The move is designed to power institutional‑grade collateral management, repo financing, margin management and digital cash settlement for authorized participants.
The Paris‑based entity highlighted that the integration will allow for more efficient processing of short‑term financing transactions directly tied to tokenized assets. EURCV currently holds a market capitalization of approximately $97 million, while USDCV has about $20 million in circulation. Both stablecoins are backed by cash and cash‑equivalent reserves and are restricted to non‑U.S. persons, not registered under the U.S. Securities Act.
Societe Generale is deepening its role on the Canton Network beyond being a user. The banking group will join as an Ecosystem Super Validator, participating in the network’s governance and node operation. This follows the bank’s earlier activity on Canton, including a tokenized green bond issuance in November 2025. Now, Societe Generale plans to accept certain tokenized assets as eligible collateral for institutional clients and will act as a counterparty in tokenized repo transactions, leveraging Canton’s privacy‑enabled blockchain framework.
SG‑FORGE CEO Jean‑Marc Stenger said the deployment marks a step in connecting traditional financial markets with on‑chain infrastructure through secure and compliant settlement tools. Salim Nemouchi, head of Equity Derivatives Americas and global head of Prime Services at Societe Generale, noted that institutional demand within prime services is driving the initiative, and that Canton’s design supports margin calls, collateral management and risk management.
The initiative arrives amid a broader surge in tokenized real‑world assets. JPMorgan recently began procedures to launch a tokenized money market fund on Ethereum, while DTCC integrated Chainlink technology into its collateral management platform. According to RWA.xyz, the tokenized RWA market now exceeds $31.6 billion, with U.S. Treasury bond products making up the largest segment.
Societe Generale’s stablecoin strategy also includes integrations with Stellar and the XRP Ledger for lower‑cost transfers, and USDCV was recently integrated into MetaMask via a partnership with Consensys for authorized institutional investors. The bank is additionally expanding services to crypto companies for cash management and treasury needs.
