Societe Generale to Deploy Stablecoins on Canton Network

Societe Generale, through its digital assets subsidiary Societe Generale-FORGE, announced plans to deploy its regulated stablecoins EUR CoinVertible (EURCV) and USD CoinVertible (USDCV) on the Canton Network to support tokenized collateral management, repurchase agreement financing and institutional settlement.

The Paris-based bank will use the network's infrastructure for collateral mobility, margin management and risk management workflows linked to tokenized assets. This initiative targets institutional clients seeking faster processing of short-term financing transactions. The stablecoins, backed by cash and cash-equivalent reserves, will facilitate settlement and cash management in permitted non-U.S. jurisdictions, where they are not registered under the U.S. Securities Act. Data from DeFiLlama shows EURCV, launched in 2023, with a market capitalization of about 97 million euros, and USDCV, introduced in 2025, with roughly 20 million dollars in circulation.

Societe Generale will also join the Canton Network as an Ecosystem Super Validator, participating in its governance and infrastructure development. The network, designed for regulated financial institutions, offers...