Societe Generale is integrating stablecoins into the infrastructure of Deutsche Börse Group, the biggest European financial market operator, which will expand the use of digital settlement instruments in the EU’s regulated environment.
Deutsche Börse Group and SG-FORGE, the crypto division of Societe Generale, announced a strategic partnership aimed at introducing tokenized payment solutions into traditional financial processes. The central element of the collaboration will be the integration of CoinVertible stablecoins into the Deutsche Börse Group infrastructure for settlements and operational collateral.
CoinVertible stablecoins, USDCV and EURCV, are issued by Societe Generale-FORGE (SG-FORGE) in accordance with the European MiCA regulation.
At the first stage, CoinVertible will be included in securities settlements, collateral management, and treasury operations of Clearstream, the post-trading division of Deutsche Börse Group. In parallel, the stablecoins will be listed on Deutsche Börse’s digital trading platforms, increasing their liquidity.
The partners will also explore further integration of USDCV and EURCV across the full range of Deutsche Börse Group services. This will expand the use of compliant, MiCA-regulated stable digital currencies in the financial industry and the crypto sector.
Stephanie Eckermann, Member of the Executive Board of Deutsche Börse Group, emphasized that integrating stablecoins is a necessary step in the digitalization of the European financial sector: “We continue to take decisive steps in embedding stablecoins in a regulated, reliable, and trusted infrastructure, enabling them to deliver their full value, and provide innovative solutions for our clients.”
Alexandre Fleury, Co-Head of Global Banking & Investor Solutions at Societe Generale Group, stated that cooperation with Deutsche Börse Group is an important step toward unifying traditional capital markets with the cryptocurrency ecosystem within a secure regulatory framework.
A month earlier, Deutsche Börse Group integrated the EURC and USDC stablecoins into its infrastructure after signing a corresponding agreement with Circle.
