Societe Generale is bringing its euro- and dollar-pegged stablecoins to the Canton Network, the French bank announced last May. The two stablecoins — EUR CoinVertible and USD CoinVertible — will be used as collateral, in repo financing, and for settlement on the blockchain network. Societe Generale's digital asset subsidiary SG-FORGE, which already issues regulated CoinVertible tokens, will also join Canton as an Ecosystem Super Validator.
A growing role on Canton
This isn't Societe Generale's first foray onto the Canton Network. In a prior transaction, the bank participated in an on-chain US Treasury repo using USDC as cash leg and tokenized Treasuries as collateral, alongside Bank of America and Citadel Securities. That trade was executed on Tradeweb over a weekend with atomic settlement. More recently, in February 2026, Canton's working group completed cross-border intraday repo transactions using tokenized Gilts, with Societe Generale again as a participant.
Stablecoin expansion beyond Canton
Societe Generale launched a USD-pegged stablecoin called USDCV on Ethereum and Solana in June 2025, with BNY Mellon serving as custodian. The USDCV launch is part of a broader push to build institutional blockchain-based financial infrastructure. The bank is now extending that infrastructure to Canton, where it will act as both validator and active participant in repo markets.
Super validator status
As an Ecosystem Super Validator, Societe Generale will help validate transactions on the Canton Network. The bank will also accept certain tokenized assets as eligible collateral and act as a counterparty in repo transactions on the network. The move positions Societe Generale as both a liquidity provider and a core infrastructure operator on Canton, bridging traditional finance with on-chain settlement.
