Societe Generale launches EURCV and USDCV on Canton Network
SG-FORGE will deploy EURCV and USDCV on the Canton Network for tokenized collateral management, repo financing and settlement and will join as a validator.
Societe Generale’s digital-assets unit SG-FORGE announced it will deploy its euro-denominated EURCV and dollar-denominated USDCV stablecoins on the Canton Network, a blockchain platform for tokenized securities. The bank will join Canton as a strategic partner and validator and offer settlement and financing services for tokenized products.
The stablecoins will be used for settlement, short-term financing and cash management on Canton in permitted jurisdictions. Access is restricted to non-U.S. permitted participants, and the tokens are not registered under the U.S. Securities Act.
SG-FORGE said it will use Canton’s infrastructure to move and manage tokenized collateral, handle margin processes and support risk-management workflows tied to tokenized assets. The activity will focus on collateral mobility and short-term repo financing linked to tokenized securities.
EURCV launched in 2023 and USDCV arrived in 2025. Data from DeFiLlama indicates EURCV has a market capitalization of about $97 million and USDCV about $20 million. In November 2025 the bank used Canton to issue a tokenized green bond, and it later integrated USDCV into the MetaMask wallet through a partnership with Consensys.
The announcement comes amid broader institutional adoption of blockchain for collateral and settlement. JPMorgan has filed to launch a tokenized money market fund on Ethereum through Kinexys Digital Assets. The Depository Trust & Clearing Corporation is integrating Chainlink services into its collateral management platform ahead of a planned 2026 launch; DTCC’s subsidiaries processed about $4.7 quadrillion in securities transactions in 2025. Broadridge Financial Solutions expanded its infrastructure to support tokenized stocks, funds and money market instruments and reports that its distributed ledger repo platform tokenizes more than $365 billion in assets daily.
Data from RWA.xyz shows more than $31.6 billion of real-world assets, excluding stablecoins, are tokenized across blockchain networks. Tokenized U.S. Treasury products represent about $15.3 billion of that total and commodities about $5.1 billion.
Societe Generale will take part in Canton’s governance and validation processes while offering settlement and financing services for tokenized collateral and repo workflows on the network.
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