#usdcv

➤ Societe Generale has launched its EUR and USD CoinVertible stablecoins (EURCV and USDCV) on the Canton Network to streamline collateral management and financing for tokenized assets. ➤ The bank will act as a validator on the Canton Network, leveraging these stablecoins for settlements and cash management within permitted jurisdictions. ➤ This initiative highlights the growing institutional interest in blockchain for financial operations, with the RWA market surpassing $31.6 billion.

➤ 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.

➤ Societe Generale's digital assets subsidiary, Societe Generale-FORGE, is deploying EUR and USD CoinVertible stablecoins on the Canton Network to support tokenized collateral and repo financing. ➤ The bank will utilize the Canton Network for collateral management, margin management, and risk management workflows, with its stablecoins used for settlement and cash management. ➤ This move aligns with broader industry trends of financial institutions expanding blockchain-based systems for collateral management and stablecoin settlement, with other major players like JPMorgan and DTCC also making significant advancements.

➤ Societe Generale-FORGE has integrated its MiCA-compliant dollar stablecoin, USDCV, into MetaMask, expanding access to regulated digital assets. ➤ The integration, a partnership with Consensys, allows MetaMask users to utilize USDCV for trading, DeFi, and fiat on-ramping. ➤ This move signifies a growing trend of major financial institutions issuing regulated stablecoins and integrating them into popular crypto wallets to broaden market reach.