#sg-forge

➤ Boerse Stuttgart has launched Seturion, a pan-European platform for settling tokenized securities on blockchain, partnering with Societe Generale, SG-FORGE, and flatexDEGIRO. ➤ The platform aims to reduce settlement friction and counterparty risk by integrating regulated exchanges, bank-issued tokenized assets, and stablecoin settlement, with Nasdaq also joining. ➤ Key partners will handle clearing, retail order flow, token minting, and stablecoin settlement, with SG-FORGE providing MiCA-compliant euro and dollar stablecoins.

➤ French banking giant SG-FORGE is expanding its tokenized offerings by launching services on the Canton network to meet institutional demand. ➤ The expansion includes accepting tokenized assets as collateral, acting as an on-chain trading platform, and deploying regulated stablecoins for treasury management. ➤ This move aligns with a broader trend of institutional adoption in tokenization, particularly for assets like tokenized money market funds and government debt.

➤ Societe Generale is expanding its tokenized finance operations by deploying its regulated stablecoins (EURCV and USDCV) on the Canton Network and joining as an Ecosystem Super Validator. ➤ The bank plans to leverage Canton for tokenized collateral, repo transactions, and digital settlement tools, aiming to enhance efficiency and compliance for institutional clients. ➤ This move signifies a growing integration of traditional finance infrastructure with blockchain technology, with a focus on regulated use cases and institutional demand.

➤ SG-FORGE is deploying its EURCV and USDCV stablecoins on Canton Network to enhance tokenized collateral management and short-term financing operations. ➤ Societe Generale, acting as a strategic partner and validator, aims to optimize collateral mobility and margin management through this integration. ➤ This move aligns with the growing trend of financial institutions adopting blockchain for collateral management, as seen with JPMorgan and DTCC's initiatives.

➤ Société Générale, through its SG-Forge arm, is expanding banking services to crypto-native firms, indicating a deeper integration of European banks into digital asset infrastructure. ➤ This move is facilitated by the EU's MiCA regulation, providing a clearer framework for banks to engage with the crypto sector and treat crypto firms as clients. ➤ The expansion signals a shift from experimentation to participation, with stablecoins potentially playing a larger role in financial market infrastructure, including collateral management and cross-border settlement.