Deutsche Börse Group (DB1) and Societe Generale-FORGE plan to bring regulated euro and dollar stablecoins into the systems that underpin some of Europe’s biggest financial markets, the companies said on Tuesday.
The groups signed an agreement to integrate SG-FORGE’s euro and dollar CoinVertible tokens with Deutsche Börse’s post-trade operations, including Clearstream.
Today, most settlement takes place through accounts in centralized securities depositories. The move gives banks and other market participants a way to settle tokenized cash trades within a regulated framework.
Using a stablecoin, a digital token whose value is tied to a real-world asset such as a fiat currency, lets both sides of a trade move cash and securities at the same time on a shared ledger, meaning a fund buying a bond can send the stablecoins to settle instantly instead of waiting for the end of the day.
“This strategic partnership strengthens 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 such as Deutsche Börse Group,” said Jean-Marc Stenger, CEO of Societe Generale–FORGE.
The first phase will test CoinVertible as a settlement asset for securities and collateralization workflows and explore its role in treasury functions. Deutsche Börse also plans to list tokens on its digital trading platforms to support liquidity.
Both groups will investigate whether stablecoins can be used across Deutsche Börse’s wider service line. It includes clearing, custody and data tools that reach banks, asset managers and crypto firms.
The partnership is parallel to ongoing wholesale central bank digital currency pilots where the companies are involved.
