Deutsche Börse to Push SG-Forge Stablecoin Adoption

Deutsche Börse has signed an agreement with Société Générale’s SG-Forge to accelerate the integration of token-based cash solutions with traditional financial market infrastructure by adopting the latter’s CoinVertible as a payment and settlement stablecoin.

The initial focus of the partnership intends to strengthen CoinVertible’s collateral management structure and usability as a settlement instrument for securities processes, for collateral management as well as treasury functions at Clearstream, the post-trade business of Deutsche Börse. It will also, the firms add, improve CoinVertible’s liquidity through a new listing on Deutsche Börse’s digital trading platforms.

Further steps will include jointly analysing the possibility of integrating the EUR and USD CoinVertible stablecoins across the entire service portfolio of Deutsche Börse Group, enlarging use cases for MiCA-compliant stablecoins natively suitable for financial institutions and the broader cryptocurrency industry.

“This collaboration fosters innovative power for European financial markets,” claims Stephanie Eckermann, member of the executive board of Deutsche Börse Group, responsible for post-trading. “We believe the financial sector of the future must embrace digitisation – not just in principle, but in practice.”

Alexandre Fleury, co-head of global banking & investor solutions at SocGen, adds,  “This partnership in digital finance marks a major step in connecting traditional capital markets with the crypto ecosystem. Building on years of collaboration in market activities and corporate finance, we are now creating bridges that will deliver innovative products and services at scale within a robust, regulated framework.”

The firms say the collaboration takes place in context of the wholesale central bank digital currency projects initiatives, where both groups are involved, which aim to digitise capital market activity by modernising issuance, settlement, and custody of financial instruments leveraging Distributed Ledger Technologies and CBDC’s, all within a regulated and secure framework.

Jean-Marc Stenger, CEO of Societe Generale – FORGE comments: “This strategic partnership reinforces SG-FORGE’s position as Europe’s reference stablecoin issuer and creates a link between the crypto-native players we serve and established financial market infrastructures like Deutsche Börse Group. Together, we are driving the future of digital finance within a strong, regulated framework.”