Societe Generale Scales On-Chain Capital Markets

Societe Generale has announced a significant expansion of its institutional blockchain-based financial infrastructure. 

The initiative is being driven by its digital-assets subsidiary, SG-FORGE, and marks a deep integration with the Canton Network.

Building on its previous milestones – including its first US tokenised bond issuance in November 2025 – the bank is moving to scale regulated on-chain capital markets. 

The move aims to address a growing institutional appetite for market infrastructure that is secure, compliant and fundamentally more efficient than traditional systems.

Global prime services meet blockchain

By combining its established leadership in Prime Services and Equity Finance with Canton’s privacy-enabled framework, Societe Generale intends to be among the first banks to offer financing solutions in tokenised form. 

This integration is designed to streamline complex processes such as margin calls and risk management.

“This initiative directly responds to growing institutional demand within the Prime Services environment, which is at the core of our franchise,” says Salim Nemouchi, Head of Equity Derivatives Americas and Global Head of Prime Services at Societe Generale.

“We are convinced that a public blockchain with configurable privacy, such as Canton Network, provides the right framework to bring greater efficiency to margin calls, collateral management and risk management.

“Innovating for our clients is part of Societe Generale’s DNA.”

The focus remains on providing clients with tangible operational benefits through the use of Canton’s specific regulatory-friendly features.

Stablecoins as settlement engines

A critical component of this expansion is the deployment of SG-FORGE’s EUR and USD CoinVertible stablecoins on the network. 

These institutional-grade assets are intended to act as the primary settlement layer for collateral mobility and cash management across permitted jurisdictions.

Jean-Marc Stenger, CEO of Societe Generale-FORGE, says: “Bringing our regulated stablecoins to the Canton Network represents a major milestone in advancing institutional tokenised finance. 

“By enabling secure, compliant and efficient digital settlement, SG‑FORGE is helping bridge traditional financial markets with on‑chain infrastructure and unlocking new possibilities for collateral mobility, financing and cash management.

“We are committed to supporting our clients as these markets scale.”

The deployment acts as a bridge between legacy finance and modern infrastructure. 

By providing a regulated digital settlement solution, the subsidiary expects to unlock new levels of liquidity and mobility for assets that have historically been siloed.

Strengthening the Canton ecosystem

Societe Generale is also taking on the role of an Ecosystem Super Validator within the Canton Network.

This position highlights its intent to contribute to the development of use cases spanning repo financing and margin management.

As part of its roadmap, the bank plans to accept certain tokenised assets as eligible collateral, which should enhance liquidity for institutional clients. 

Additionally, it will act as a counterparty in repo transactions, a move expected to drive meaningful activity to the network and support a new phase of institutional growth.

“Welcoming Societe Generale as a strategic partner and Super Validator underscores the continued momentum of Canton as the network of choice for institutional finance,” explains Viv Diwakar, Head of the Canton Foundation. 

“Societe Generale’s leadership in tokenised assets, collateral innovation and on-chain repo markets highlights the growing convergence between traditional finance and blockchain-based infrastructure.”