Societe Generale Expands Tokenized Stablecoin Use on Canton
Societe Generale, through its digital assets subsidiary Societe Generale-FORGE, is expanding its footprint in blockchain-based finance by deploying its EURCV and USDCV stablecoins on the Canton Network. The move is part of the banks strategy to enhance tokenized collateral, repo financing, and settlement infrastructure. The Paris-based institution plans to leverage Cantons infrastructure for collateral mobility, margin management, and risk management workflows tied to tokenized assets. This initiative is aimed at streamlining short-term financing transactions and improving operational efficiency for institutional participants. According to the announcement, the EURCV and USDCV stablecoins will facilitate settlement and cash management activities but will remain restricted to non-U.S. jurisdictions. Currently, EURCV holds a market capitalization of $97 million, while USDCV has $20 million in circulation, per data from DeFiLlama. Both stablecoins were launched by SG-FORGE in 2023 and 2025, respectively. Societe Generale has been actively exploring blockchain‘s potential in traditional finance. In November 2025, the bank issued a tokenized green bond on Canton Network, marking its early adoption of tokenized asset frameworks. The company also recently integrated USDCV into Consensys’s MetaMask wallet, signaling its intent to broaden use cases for its digital assets. Tokenization Gains Momentum Among Financial Institutions Societe Generale‘s announcement aligns with a broader trend of banks and