Deutsche Börse Group (DB1) and Societe Generale-FORGE plan to bring regulated euro and dollar stablecoins into the systems that support some of Europe’s largest 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 happens through accounts at centralized securities depositories. The move gives banks and other market participants a way to settle trades with tokenized cash inside a regulated framework.
Using a stablecoin, a digital token whose value is pegged 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 that buys a bond can send stablecoins to settle instantly rather than waiting for end-of-day processes.
“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,” said Jean-Marc Stenger, CEO of Societe Generale–FORGE.
The first phase will test CoinVertible as a settlement asset for securities and collateral workflows and explore its role in treasury functions. Deutsche Börse also plans to list the tokens on its digital trading platforms to support liquidity.
Both groups will study whether the stablecoins can be used across Deutsche Börse’s wider service line. That includes clearing, custody and data tools that reach banks, asset managers and crypto firms.
The partnership sits alongside ongoing wholesale central bank digital currency pilots in which the firms are involved.