Societe Generale boosts blockchain finance network
Societe Generale is expanding its blockchain-based financial infrastructure to serve institutional clients. The effort, led by its digital-assets subsidiary SG-FORGE, combines the bank’s prime services with the Canton Network to improve margin calls, collateral management, and risk processes.
Prime services meet blockchain
The bank will offer financing solutions in tokenized form, blending its prime services and equity finance experience with Canton’s privacy-enabled framework. The change addresses institutional demand for more efficient market infrastructure.
Salim Nemouchi, who leads equity derivatives in the Americas and global prime services at Societe Generale, stated the project targets inefficiencies in traditional systems. He noted that a public blockchain with configurable privacy, like Canton Network, provides the right structure for greater efficiency in margin calls and collateral management.
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Nemouchi emphasized that innovation remains central to the bank’s approach. The focus stays on delivering practical benefits through Canton’s regulatory-friendly features.
Stablecoins as settlement engines
A major component of the expansion involves deploying SG-FORGE’s EUR and USD CoinVertible stablecoins on the Canton Network. These regulated assets will act as the primary settlement layer for collateral mobility and cash management in permitted jurisdictions.
Jean-Marc Stenger, CEO of Societe Generale-FORGE, described the move as a significant step for institutional tokenized finance. He said SG-FORGE is helping connect traditional financial markets with on-chain infrastructure by enabling secure, compliant, and efficient digital settlement. The aim is to unlock liquidity for assets previously trapped in legacy systems.
The bank previously issued its first US tokenized bond in November 2025.
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Strengthening the Canton ecosystem
Societe Generale has also become an Ecosystem Super Validator within the Canton Network. The role lets the bank help develop use cases such as repo financing and margin management, where blockchain may reduce operational friction.
The bank plans to accept certain tokenized assets as eligible collateral. This change should boost liquidity for institutional clients while positioning Societe Generale as a counterparty in repo transactions. Leaders expect the shift to drive activity on the network and support institutional growth.
Viv Diwakar, head of the Canton Foundation, said the bank’s involvement shows the network’s appeal to traditional financial institutions. Diwakar noted that Societe Generale’s work in tokenized assets and collateral innovation highlights the convergence between traditional finance and blockchain-based infrastructure.
