French bank Societe Generale will use its own stablecoins, EURCV and USDCV, on the Canton Network to support tokenised collateral, repo financing and institutional payments.

On May 13 local time, blockchain media outlet Cointelegraph reported that its digital asset subsidiary Societe Generale-FORGE will deploy the euro-backed EURCV and dollar-backed USDCV on the Canton Network.

Societe Generale plans to use the network for collateral management linked to tokenised assets and short-term financing transactions. The Canton Network infrastructure will also be used for collateral movements, margin management and risk management linked to tokenised assets.

Societe Generale-FORGE plans to use the two stablecoins for payments, financing and cash management in permitted jurisdictions. The stablecoins will be offered only to permitted participants outside the United States and are not registered under U.S. securities laws.

Societe Generale will also participate in the Canton Network as a strategic partner and validator. In November 2025, it issued a tokenised green bond on the Canton Network through Societe Generale-FORGE.

Societe Generale-FORGE launched EURCV in 2023 and USDCV in 2025. DefiLlama data show EURCV has a market capitalisation of about $97 million and USDCV has circulating supply of about $20 million. Last month, it worked with Consensys to link USDCV to the MetaMask wallet.

Banks and financial institutions are expanding the use of blockchain-based collateral management, repo financing and stablecoin payments. JPMorgan filed this week to launch an Ethereum-based tokenised money market fund through its Kinexys digital assets unit. DTCC plans to integrate Chainlink infrastructure into its collateral management platform ahead of a 2026 launch. Broadridge Financial Solutions expanded its infrastructure to support tokenised stocks, funds and money market products across trading and post-trade.