Deutsche Börse Partners SG-FORGE on Stablecoins

Deutsche Börse Group, Societe Generale Group and Societe Generale – FORGE (SG-FORGE) have signed an agreement to accelerate the integration of token-based cash solutions with traditional financial market infrastructure. With this step, Deutsche Börse Group is further driving the adoption of stablecoins for strong digital European markets. The integration of SG-FORGE’s CoinVertible as a payment and settlement stablecoin will foster financial innovation in both groups, boosting their digital strategies while complementing Deutsche Börse Group’s services.

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 Group. This partnership will also improve CoinVertible’s liquidity through a new listing on Deutsche Börse Group digital trading platforms.

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

Stephanie Eckermann, member of the Executive Board of Deutsche Börse Group, responsible for Post-Trading, comments: “This collaboration between key European players fosters innovative power for European financial markets. We believe the financial sector of the future must embrace digitization—not just in principle, but in practice. We continue to take decisive steps in embedding stablecoins in a regulated, reliable, and trusted infrastructure, enabling them to deliver their full value, and provide cutting-edge, innovative solutions for our clients.”

Alexandre Fleury, Co-Head of Global Banking & Investor Solutions at Societe Generale Group comments: “This partnership between Societe Generale and Deutsche Börse Group 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.”

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.”

The partnership is a further milestone for Deutsche Börse Group’s digital leadership ambition along its entire value chain. For Societe Generale Group and its fully integrated subsidiary SG-FORGE, it will contribute to reinforcing the growing importance of EUR and USD CoinVertible stablecoins for both crypto natives and the traditional finance industry.

This collaboration takes place in context of the wholesale Central Bank Digital Currency projects initiatives, where both groups are involved, which aim to digitize capital market activity by modernizing issuance, settlement, and custody of financial instruments leveraging Distributed Ledger Technologies (DLT) and central bank digital currencies, all within a regulated and secure framework.

Source: Deutsche Börse