TL,DR:
- Digital Assets: SG-FORGE will integrate the EURCV (euro) and USDCV (dollar) stablecoins on Canton Network for asset settlement.
- Market Figures: EURCV has a capitalization of approximately $97 million, while USDCV has 20 million in circulation.
- Strategic Role: Societe Generale will act as a strategic partner and network validator, following the issuance of a tokenized green bond in November 2025.
SG-FORGE, the digital asset subsidiary of Societe Generale, announced the deployment of its EURCV and USDCV stablecoins on Canton Network. This initiative seeks to enhance tokenized collateral management and repo financing operations (repurchase agreements) within an on-chain environment.
The Paris-based entity explained that it plans to use this network’s infrastructure to optimize workflows related to collateral mobility and margin management. According to the firm’s official statement, the use of Canton will allow for more efficient processing of short-term financing transactions directly linked to tokenized assets.
The EURCV and USDCV stablecoins will facilitate settlement and cash management activities in jurisdictions where their use is permitted. The firm highlighted that these assets are restricted to non-U.S. participants and are not registered under the U.S. Securities Act.
Technological integration and expansion of tokenized collateral
Societe Generale’s history on this network is not recent. In November 2025, the bank had already issued a tokenized green bond through this infrastructure. Currently, the entity is strengthening its position by participating not only as an asset user but also as a strategic partner and validator of the network’s nodes.
Regarding asset performance, DeFiLlama data at the close of the current session places EURCV’s capitalization at around $97 million. For its part, the dollar-linked currency, USDCV, maintains nearly $20 million in circulation following its launch in 2025.
Recently, the firm integrated USDCV into the MetaMask wallet through a collaboration with Consensys, expanding the asset’s technical accessibility for authorized institutional investors.
The adoption of blockchain-based systems for collateral management is gaining traction among major financial players. This very week, JPMorgan began procedures to launch a tokenized money market fund on Ethereum, while DTCC announced the integration of Chainlink technology into its collateral management platform with a view toward full deployment in 2026.
According to RWA.xyz metrics, the tokenized real-world asset (RWA) market already exceeds $31.6 billion globally, excluding stablecoins. Of this figure, products linked to U.S. Treasury bonds represent the majority segment with over $15.3 billion under management.
The next step for the ecosystem will be the start of the operational transaction validation phase by Societe Generale within the Canton Network nodes during the current quarter.
