ociete Generale is expanding its institutional blockchain work on Canton Network, setting out plans across tokenized collateral, on-chain financing, repo markets, and digital settlement.
The initiative will be led by Societe Generale-FORGE, the bank’s digital-assets subsidiary. It follows Societe Generale’s first U.S. tokenized bond issuance on Canton, completed in November 2025, and marks a further step in the bank’s work on regulated on-chain capital markets.
Societe Generale said it aims to be among the first banks to develop tokenized collateral and financing solutions on Canton. The work brings together its Prime Services, Equity Finance, and market infrastructure businesses with Canton’s privacy-enabled blockchain framework for regulated financial markets.
A central part of the plan is the deployment of SG-FORGE’s USD and EUR CoinVertible stablecoins on Canton. The stablecoins are designed to support collateral mobility, financing activity, and cash management across tokenized markets in permitted jurisdictions.
Societe Generale has also joined Canton Network as an Ecosystem Super Validator. Its planned activity includes accepting certain tokenized assets as eligible collateral, acting as a counterparty in repo transactions, and using SG-FORGE’s regulated stablecoins to support tokenized asset initiatives.
Salim Nemouchi, Head of Equity Derivatives Americas and Global Head of Prime Services at Societe Generale, said the initiative responds to growing demand within the bank’s Prime Services business. He said Canton’s public blockchain with configurable privacy offers a framework for improving margin calls, collateral management, and risk management.
Jean-Marc Stenger, CEO of SG-FORGE, said bringing regulated stablecoins to Canton is a significant step for institutional tokenized finance, with potential uses across settlement, collateral mobility, financing, and cash management.
Viv Diwakar, Head of the Canton Foundation, said Societe Generale’s role as a strategic partner and Super Validator reflects Canton’s momentum across tokenized assets, collateral innovation, and on-chain repo markets.
The release also includes jurisdictional restrictions. SG-FORGE is not licensed, registered, or otherwise authorized to conduct business in the United States. The EURCV and USDCV stablecoins have not been registered under the U.S. Securities Act and are available only to permitted transferees.
