Societe Generale said its digital asset subsidiary Societe Generale-FORGE will deploy EUR and USD CoinVertible stablecoins on the Canton Network and support tokenized collateral and repo financing activities on the network.
The Paris-based bank said it plans to use the network for collateral management and short-term financing transactions linked to tokenized assets. It added that Canton’s infrastructure can be used for collateral mobility, margin management and risk management workflows linked to tokenized assets.
SG-FORGE said yes $EURCV and USDCV stablecoins will be used for settlement, financing and cash management activities on the network in permitted jurisdictions. The stablecoins are limited to non-US participants and are not registered under the US Securities Act, according to the announcement.
Societe Generale will also participate in the network as a strategic partner and validator. The bank issued a tokenized green bond on the Canton Network through SG-FORGE in November 2025.
SG-FORGE launched its Euro-denominated $EURCV stablecoin in 2023 and introduced the US dollar-denominated USDCV stablecoin in 2025. Data from DeFiLlama shows $EURCV has a market cap of about $97 million, while USDCV has about $20 million in circulation.
Last month, the bank integrated USDCV into the MetaMask wallet through a partnership with Consensys.
Source: DefiLlama
Financial institutions are expanding tokenized collateral infrastructure
The announcement comes at a time when banks and financial institutions are expanding their use of blockchain-based systems for collateral management, repo financing and stablecoin settlement.
This week, JPMorgan filed to launch a tokenized money market fund on Ethereum through its Kinexys Digital Assets unit. The fund will invest in government bonds and short-term repurchase agreements, backed by government bonds or cash.
On Tuesday, The Depository Trust & Clearing Corporation said it will integrate Chainlink’s infrastructure into its collateral management platform ahead of a planned 2026 launch to support tokenized collateral movements, valuation and settlement workflows. DTCC’s subsidiaries processed $4.7 trillion in securities transactions in 2025.
In addition, Broadridge Financial Solutions announced yesterday that it has expanded its infrastructure to support tokenized stocks, funds and money market instruments for trading and post-trade operations. The company said its distributed ledger repo platform tokenizes more than $365 billion in assets every day.
Data from RWA.xyz shows that more than $31.6 billion worth of real-world assets, excluding stablecoins, are currently tokenized on blockchain networks. Tokenized US Treasury products represent the largest share of the market at over $15.3 billion, followed by commodities at approximately $5.1 billion.
Snapshot of real-world tokenized assets. Source: RWA.xyz