SocGen Brings EURCV and USDCV Stablecoins to Canton Network for Institutional Finance
French banking giant Societe Generale is integrating its EURCV and USDCV stablecoins into the Canton blockchain network to facilitate tokenized collateral operations, repurchase agreement financing and settlement processes for institutional clients.
According to Societe Generale, Societe Generale-FORGE, the bank's digital assets division, will integrate its EUR and USD CoinVertible stablecoins into the Canton Network to enable tokenized collateral operations and repo financing activities on the platform.
The financial institution, headquartered in Paris, indicated it intends to leverage the network for managing collateral and conducting short-term financing operations linked to tokenized assets. The bank further noted that Canton's technology infrastructure has the potential to facilitate collateral mobility, margin management processes and risk management operations associated with tokenized assets.
According to SG-FORGE, the EURCV and USDCV stablecoins will facilitate settlement operations, financing activities and cash management functions on the network within approved regulatory jurisdictions. The digital currencies are limited to non-US authorized participants and have not been registered pursuant to the US Securities Act, the announcement stated.
Additionally, Societe Generale will serve as both a strategic partner and validator within the network. The financial institution had previously executed a tokenized green bond issuance on the Canton Network in November 2025 via SG-FORGE.
The euro-denominated EURCV stablecoin was launched by SG-FORGE in 2023, while the US dollar-denominated USDCV stablecoin was rolled out in 2025. According to data from DeFiLlama, EURCV currently maintains a market capitalization of approximately $97 million, whereas USDCV has around $20 million in circulation.
In the previous month, the bank incorporated USDCV into the MetaMask wallet through a collaborative arrangement with Consensys.
Financial institutions expand tokenized collateral infrastructure
This development arrives as banking institutions and financial organizations continue expanding their adoption of blockchain-based systems for managing collateral, facilitating repo financing and enabling stablecoin settlement operations.
Earlier this week, JPMorgan submitted a filing to introduce a tokenized money market fund on Ethereum via its Kinexys Digital Assets division. The investment vehicle will allocate funds into Treasury bills and overnight repurchase agreements that are collateralized by Treasurys or cash equivalents.
On Tuesday, The Depository Trust & Clearing Corporation announced it will incorporate infrastructure provided by Chainlink into its collateral management platform in preparation for a scheduled 2026 launch to facilitate tokenized collateral movement, valuation processes and settlement workflows. DTCC's subsidiary entities processed $4.7 quadrillion in securities transactions in 2025.
In a separate development, Broadridge Financial Solutions announced yesterday that it has expanded its technology infrastructure to accommodate tokenized stocks, funds and money market instruments throughout trading and post-trade operations. The organization stated that its distributed ledger repo platform processes the tokenization of more than $365 billion in assets on a daily basis.
According to data from RWA.xyz, more than $31.6 billion worth of real-world assets, not including stablecoins, are presently tokenized across blockchain networks. Tokenized US Treasury products represent the largest segment of the market at more than $15.3 billion, with commodities following at about $5.1 billion.
