Deutsche Börse Group (DB1) and Societe Generale-FORGE plan to add regulated euro and dollar stablecoins to the systems supporting 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 takes place through accounts at centralized securities depositories. The move offers banks and other market participants a way to settle transactions with tokenized cash within a regulated framework.
Using a stablecoin, a digital token whose value is pegged to a real-world asset such as a fiat currency, allows both sides of a trade to move cash and securities at the same time on a shared ledger, meaning a fund purchasing a bond can send stablecoins to be settled instantly rather than waiting for end-of-day processes.
“This strategic partnership reinforces SG-FORGE’s position as a leading stablecoin issuer in Europe 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 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 stablecoins can be used across Deutsche Börse’s broader service line. That includes clearing, custody and data tools reaching banks, asset managers and crypto companies.
The partnership adds to the central bank’s ongoing wholesale digital currency pilot projects in which companies are participating.
