Deutsche Börse Group has signed a strategic agreement with Societe Generale Group and its digital asset subsidiary Societe Generale – FORGE (SG-FORGE) to accelerate the integration of token-based cash solutions into traditional financial market infrastructure.
The partnership marks a significant step toward embedding regulated, MiCA-compliant stablecoins into Europe’s digital financial ecosystem.
Under the collaboration, Deutsche Börse Group will incorporate SG-FORGE’s EUR and USD CoinVertible stablecoins into its infrastructure, aiming to unlock new efficiencies in settlement, collateral management, and treasury operations.
The initiative represents a major milestone in the adoption of stablecoins within Europe’s regulated financial environment, particularly through Clearstream, the post-trade arm of Deutsche Börse.
Integration and Expansion Plans
The initial phase will focus on enhancing CoinVertible’s collateral management structure and expanding its usability as a settlement asset for securities processes. Clearstream will explore the use of CoinVertible for post-trade operations, while Deutsche Börse will support new liquidity pathways by listing the stablecoin on its digital trading platforms.
The move is expected to strengthen CoinVertible’s role as a trusted digital payment instrument for institutional markets.
Beyond initial integration, both groups will assess broader implementation of CoinVertible across Deutsche Börse’s full range of services, enabling expanded use cases for robust, regulated stablecoins suited to financial institutions and the wider digital asset sector.
Industry Perspectives
Stephanie Eckermann, Executive Board member at Deutsche Börse Group, said the partnership highlights the importance of practical innovation in Europe’s financial markets. “We continue to take decisive steps in embedding stablecoins in a regulated, reliable, and trusted infrastructure, enabling them to deliver their full value,” she noted.
Alexandre Fleury, Co-Head of Global Banking & Investor Solutions at Societe Generale Group, called the effort a “major step in connecting traditional capital markets with the crypto ecosystem.”
SG-FORGE CEO Jean-Marc Stenger added that the partnership reinforces the company’s position as Europe’s leading stablecoin issuer, bridging crypto-native players with established market infrastructure.
Broader Market Context
The initiative complements ongoing wholesale CBDC projects aimed at modernizing issuance, settlement, and custody through distributed ledger technology in a fully regulated framework.