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 bank's strategy to enhance tokenized collateral, repo financing, and settlement infrastructure.
The Paris-based institution plans to leverage Canton's 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 financial institutions ramping up blockchain-based infrastructure for tokenized finance. This week, JPMorgan applied to launch a tokenized money market fund on Ethereum, targeting investments in Treasury bills and repurchase agreements. Meanwhile, The Depository Trust & Clearing Corporation (DTCC) is integrating Chainlink’s infrastructure for 24/7 collateral management, set to launch in 2026.
Other players are also expanding their tokenization efforts. Broadridge Financial Solutions recently announced support for tokenized stocks, funds, and money market instruments, with its repo platform processing over $365 billion in tokenized assets daily.
Tokenization of real-world assets (RWA) continues to grow, with RWA.xyz data showing over $31.6 billion worth of RWAs currently on blockchains. Tokenized U.S. Treasury products dominate the market, accounting for $15.3 billion of that total, followed by commodities at $5.1 billion.
Societe Generale’s deeper integration into blockchain-based systems highlights the accelerating push among traditional financial institutions to adopt tokenization, offering new efficiencies in collateral management and settlement processes. With stablecoin usage and tokenized assets on the rise, the Canton Network could play a pivotal role in shaping the future of institutional finance.