What is Societe Generale doing with stablecoins on the Canton Network?

Societe Generale said its digital assets unit Societe Generale-FORGE will deploy its EURCV and USDCV stablecoins on the Canton Network. The bank plans to use the network for tokenised collateral, repo financing and institutional settlement activity. The move expands SocGen’s blockchain-based financial infrastructure strategy.

What are EURCV and USDCV stablecoins?

EURCV is a euro-denominated stablecoin launched by SG-FORGE in 2023, while USDCV is its US dollar-denominated version introduced in 2025. Both are designed for institutional use cases including settlement, financing and treasury management. According to DeFiLlama, EURCV has a market value of roughly $97 million and USDCV around $20 million.

Why is tokenised collateral important for banks?

Tokenised collateral allows financial assets such as bonds or money market instruments to move and settle digitally on blockchain infrastructure. Banks believe this can improve efficiency, reduce settlement times and streamline collateral management. The technology may also lower operational costs in repo and financing markets.

What is the Canton Network used for?

The Canton Network is a blockchain infrastructure platform focused on institutional finance and tokenised assets. It supports workflows tied to settlement, collateral movement, margin management and tokenised securities. Large financial institutions are increasingly testing Canton for regulated blockchain-based operations.

Why are banks becoming more interested in tokenised assets?

Financial institutions see tokenisation as a way to modernise traditional financial infrastructure using blockchain technology. Tokenised assets can improve liquidity, automate settlement and allow faster movement of collateral across markets. Many banks also want to prepare for growing demand around digital finance and stablecoins.

How does this fit into the broader tokenisation trend?

The announcement comes as multiple financial firms expand blockchain-based settlement and collateral systems. JPMorgan Chase recently filed plans for a tokenised money market fund, while DTCC and other firms are building tokenised collateral infrastructure. The market for tokenised real-world assets continues growing rapidly.

How large is the tokenised real-world asset market now?

Data from RWA.xyz showed more than $31.6 billion in tokenised real-world assets currently exist on blockchain networks, excluding stablecoins. Tokenised US Treasury products represent the largest category at more than $15.3 billion. Commodities and money market products are also expanding quickly.

What role will Societe Generale play on Canton?

Societe Generale said it will participate as both a strategic partner and validator on the Canton Network. Validators help secure and operate blockchain infrastructure. The bank previously used the network to issue a tokenised green bond in 2025.

SocGen expands stablecoins into tokenised collateral market

Written by Jon CuthbertPublished May. 14 2026Last Updated May. 14 2026

Societe Generale said its digital assets subsidiary Societe Generale-FORGE will deploy its EURCV and USDCV stablecoins on the Canton Network to support tokenised collateral and repo financing activity.

The Paris-based bank said the network would be used for collateral management, margin workflows, financing transactions and settlement activity tied to tokenised real-world assets.

SG-FORGE said its euro-denominated EURCV and dollar-denominated USDCV stablecoins would support institutional cash management and settlement activity on the network in permitted jurisdictions, while remaining restricted to non-US approved participants.

The bank will also operate as a validator and strategic partner on Canton after previously issuing a tokenised green bond through the network in November 2025.

Data from DeFiLlama showed EURCV currently has a market capitalisation of roughly $97 million, while USDCV has approximately $20 million in circulation following its launch earlier this year.

The announcement comes as financial institutions accelerate efforts to build blockchain infrastructure for tokenised collateral, money market products and settlement systems, with JPMorgan Chase recently filing plans for a tokenised money market fund on Ethereum.

Industry data from RWA.xyz showed more than $31.6 billion worth of real-world assets excluding stablecoins are currently tokenised on blockchain networks, with tokenised US Treasury products accounting for the largest share of the market.