Societe Generale Brings Stablecoins To Canton Network

Societe Generale is expanding its blockchain footprint by deploying its euro and dollar stablecoins on the Canton Network (@CantonNetwork) through its regulated digital assets subsidiary SG-FORGE.

The Paris-based bank plans to use its $EURCV and $USDCV stablecoins for tokenized collateral, repo financing, and institutional settlement activity on the Canton blockchain network, with the initiative executed through Societe Generale-FORGE. SG-FORGE said the stablecoins will be used for settlement, financing, and cash management in permitted jurisdictions and are restricted to non-US permitted participants, as they are not registered under the US Securities Act.

Collateral Mobility and Margin Management

The bank said it plans to use the network for collateral management and short-term financing transactions tied to tokenized assets, and that Canton's infrastructure could also be used for collateral mobility, margin management, and risk management workflows.

Societe Generale is joining the Canton Network as an Ecosystem Super Validator, underscoring its commitment to contributing to institutional-grade use cases across collateral mobility, margin management, repo financing, and tokenized settlement. Salim Nemouchi, Head of Equity Derivatives Americas and Global Head of Prime Services at Societe Generale, said the initiative "directly responds to growing institutional demand within the Prime Services environment" and that Canton's configurable privacy provides the right framework for margin calls, collateral management, and risk management.

SG-FORGE launched its euro-denominated EURCV stablecoin in 2023 and introduced the dollar-denominated USDCV in 2025. Data from DeFiLlama shows EURCV has a market capitalisation of around $97 million, while USDCV has roughly $20 million in circulation. As a regulated e-money token, CoinVertible operates across multiple blockchains, and SG-FORGE is licensed as a MiCA-compliant e-money institution by France's ACPR regulator.

Canton's Institutional Infrastructure

The Canton Network is a public blockchain network developed for financial institutions to enable secure, interoperable, and privacy-preserving transactions, launched in 2023 by a consortium that includes BNP Paribas, Goldman Sachs, Deutsche Börse, Microsoft, and others. Canton distinctly balances the decentralisation of public blockchain with the privacy and controls required for financial markets.

This initiative builds on Societe Generale's earlier work on Canton, including its first US tokenized bond issuance completed in November 2025. The move also comes as the wider industry accelerates blockchain adoption for settlement infrastructure. JPMorgan this week filed to launch a tokenized money market fund on Ethereum through its Kinexys Digital Assets unit, while the Depository Trust and Clearing Corporation said it will integrate Chainlink infrastructure into its collateral management platform ahead of a planned 2026 launch.

Sources:
Societe Generale official press release via Business Wire
Cointelegraph: Societe Generale Expands Tokenized Collateral and Stablecoin Push on Canton
SG-FORGE: CoinVertible product page