Societe Generale expands tokenized collateral and stablecoin use on Canton network

Societe Generale announced that its digital‑assets subsidiary, Societe Generale‑FORGE, will launch EUR and USD "CoinVertible" stablecoins on the privacy‑enabled Canton blockchain. The bank will also use the network for tokenized collateral, margin management and repo‑financing activities, positioning the stablecoins for settlement, financing and cash‑management in permitted jurisdictions.

The move follows the bank’s earlier tokenized bond issuance on Canton and reflects a broader industry push toward blockchain‑based collateral and settlement solutions, with other institutions such as JPMorgan, DTCC and Broadridge also expanding similar infrastructure.