European banking giant Societe Generale announced plans to deepen its institutional blockchain strategy by expanding tokenized finance infrastructure on the Canton Network through its digital asset subsidiary Societe Generale-FORGE.
The initiative will focus on tokenized collateral management, on-chain financing, and institutional-grade digital settlement systems designed for regulated financial markets.
According to the announcement, SG-FORGE also plans to deploy its regulated EUR and USD CoinVertible stablecoins on Canton to support collateral mobility, financing activity, and cash management across tokenized financial ecosystems. The stablecoins are explicitly restricted to non-US permitted participants and are not registered under the US Securities Act; a regulatory boundary that scopes the deployment to non-US institutional clients.
Bank targets institutional tokenized finance
Société Générale said the expansion builds on its earlier blockchain initiatives, including its first U.S. tokenized bond issuance. The bank now aims to become one of the first major financial institutions to develop tokenized collateral and repo financing solutions directly on Canton’s privacy-enabled blockchain infrastructure.
The project is designed to improve operational efficiency across collateral management, margin calls, liquidity movement, and risk management processes within institutional markets.
“We are convinced that a public blockchain with configurable privacy, such as Canton Network, provides the right framework to bring greater efficiency to margin calls, collateral management and risk management,” said Salim Nemouchi, Head of Equity Derivatives Americas and Global Head of Prime Services at Societe Generale.
SG-FORGE to deploy regulated stablecoins
As part of the initiative, SG-FORGE plans to integrate its MiCA-compliant EUR CoinVertible and USD CoinVertible stablecoins into the Canton ecosystem.
Stablecoins are expected to support institutional settlement operations and provide compliant digital liquidity rails for tokenized assets and financing activities.
“Bringing our regulated stablecoins to the Canton Network represents a major milestone in advancing institutional tokenized finance,” said Jean-Marc Stenger, CEO of SG-FORGE.
He added that the deployment would help bridge traditional financial infrastructure with blockchain-based settlement systems.
Canton Network expands institutional adoption
Societe Generale will also join Canton Network as an Ecosystem Super Validator, further strengthening the network’s institutional infrastructure ambitions.
The Canton Foundation said the partnership reflects growing demand among traditional financial institutions for blockchain-based collateral mobility and tokenized asset settlement systems.
“Societe Generale’s leadership in tokenized assets, collateral innovation, and on-chain repo markets highlights the growing convergence between traditional finance and blockchain-based infrastructure,” said Viv Diwakar, Head of the Canton Foundation.
The expansion also builds on Societe Generale-FORGE’s earlier move this year to launch its EUR CoinVertible stablecoin on the XRP Ledger, further expanding its institutional tokenized finance and regulated settlement strategy across multiple blockchain networks.
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