Societe Generale Joins Canton, Launches CoinVertible Stablecoins

Societe Generale announced on May 13, 2026, that it is joining the Canton Network as an Ecosystem Super Validator and will deploy EUR CoinVertible (EURCV) and USD CoinVertible (USDCV) stablecoins on the public blockchain. The initiative is led by the bank’s regulated digital‑assets unit, SG‑FORGE.

SG‑FORGE described three linked production activities. The bank will accept tokenized assets as eligible collateral within its Prime Services and Equity Finance operations. It will act as a counterparty in on‑chain repurchase agreement transactions. It will issue EURCV and USDCV on Canton to support settlement and cash management for tokenized assets.

Canton Network is a public, permissionless blockchain designed for institutional finance that offers a shared ledger with configurable privacy controls. Societe Generale said the combination of public infrastructure and enterprise privacy permits faster margin calls, more efficient collateral management and tighter risk controls compared with multi‑day traditional settlement processes.

Salim Nemouchi, Head of Equity Derivatives Americas and Global Head of Prime Services at Societe Generale, described a public blockchain with configurable privacy as providing the right framework to improve margin call and collateral workflows. Jean‑Marc Stenger, CEO of SG‑FORGE, said the CoinVertible deployment will enable secure, compliant and efficient digital settlement while connecting traditional markets with on‑chain infrastructure.

EURCV and USDCV are issued by SG‑FORGE under the European Union’s Markets in Crypto‑Assets (MiCA) framework and are supervised by France’s ACPR and AMF. SG‑FORGE holds authorization as both an investment firm and an electronic money institution and is licensed to provide MiFID II investment services. The stablecoins are restricted to non‑U.S. persons and available only to permitted transferees under Regulation S; neither token is registered under the U.S. Securities Act.

Societe Generale said the bank will operate at the highest institutional participation level on Canton as an Ecosystem Super Validator, a role that includes production responsibilities and involvement in the network’s governance. The bank characterized the activities as operational production rather than pilot projects.

Societe Generale plans to use the arrangement to move certain collateral and margin processes onto an on‑chain settlement layer and to provide on‑chain short‑term financing via repo transactions. The bank also intends to integrate tokenized collateral and stablecoin settlement with its existing prime services for institutional clients.