Societe Generale deploys stablecoins on Canton for tokenized finance

France's SocGen plans to use its EURCV and USDCV stablecoins for tokenized collateral, repo financing and institutional settlement activity on the Canton blockchain network.

Societe Generale said its digital assets subsidiary Societe Generale-FORGE will deploy EUR and USD CoinVertible stablecoins on the Canton Network and support tokenized collateral and repo financing activity on the network.

The Paris-based bank said it plans to use the network for collateral management and short-term financing transactions tied to tokenized assets. It added that Canton’s infrastructure could be used for collateral mobility, margin management and risk management workflows tied to tokenized assets.

SG-FORGE said its EURCV and USDCV stablecoins will be used for settlement, financing and cash management activity on the network in permitted jurisdictions. The stablecoins are restricted to non-US permitted participants and are not registered under the US Securities Act, according to the announcement.

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