Deutsche Börse Group (DB1) and Société Générale-FORGE plan to introduce euro- and dollar-regulated stablecoins into systems that support some of Europe’s largest financial markets, the companies announced on Tuesday.
The groups signed an agreement to integrate SG-FORGE’s CoinVertible euro and dollar tokens with Deutsche Börse’s post-trade operations, including Clearstream.
Today, most settlements are made through accounts with centralized securities depositories. The move gives 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 tied to a real-world asset such as a fiat currency, allows both parties in a transaction to move cash and securities at the same time on a shared ledger, meaning a fund buying a bond can send stablecoins to settle instantly rather than waiting for end-of-day processes.
“This strategic partnership strengthens 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 Société Générale – FORGE.
The first phase will test CoinVertible as a settlement asset for securities and collateral flows and explore its role in treasury functions. Deutsche Börse also plans to list tokens on its digital trading platforms to support liquidity.
The two groups will study whether stablecoins can be used across Deutsche Börse’s broader range of services. This includes clearing, custody and data tools for banks, asset managers and crypto companies.
The partnership is part of ongoing central bank wholesale digital currency pilots in which the companies are involved.
