Boerse Stuttgart Digital Integrates SocGen Euro Stablecoin

CACEIS, the asset-servicing arm of Crédit Agricole, has entered the stablecoin market as major European banks extend traditional financial services onto public blockchains. EURXT maintains a 1:1 peg to the euro and targets institutional investors and corporate clients for tokenized-asset trading and onchain settlement.

CACEIS announced the issuance of EURXT on Ethereum and will oversee both the stablecoin and related asset services. Each EURXT is backed by €1, and retail investors are not its primary target at this stage. The launch is primarily intended to shorten payment settlement times between institutions and give companies a euro-denominated settlement instrument that can be integrated into tokenized financial workflows.

Boerse Stuttgart subsidiary Seturion is building a pan-European distributed ledger technology (DLT) infrastructure for securities settlement. The system is intended to allow banks and brokers across different countries to share a common platform and reduce fragmentation in cross-border post-trade operations. The involvement of Societe Generale and its digital-asset subsidiary SG-FORGE will also connect tokenized securities with settlement using regulated stablecoins.

Seturion is advancing the latest initiative with Societe Generale, SG-FORGE and German online broker flatexDEGIRO. The partners plan to issue tokenized structured securities and settle transactions using the euro stablecoin EURCV and the U.S. dollar stablecoin USDCV. Seturion has applied to Germany's Federal Financial Supervisory Authority, BaFin, for authorization under the EU's DLT Pilot Regime. As of publication, the partners had not disclosed the value of the collaboration, an approval date or a formal launch timetable.

Societe Generale subsidiary SG-FORGE launched the euro-denominated EURCV stablecoin in 2023 and the U.S. dollar-denominated USDCV in 2025. Stablecoins bring the value of fiat currencies on-chain, allowing collateral, financing and settlement for tokenized assets to operate on the same infrastructure. Connecting to the institution-focused Canton network could improve collateral mobility and reduce settlement risk.

Societe Generale announced on May 13, 2026, that SG-FORGE would deploy EURCV and USDCV on Canton and become a super validator on the network. The group plans to accept tokenized assets as eligible collateral, participate in on-chain repo financing, and use both stablecoins to support institutional settlement and cash management. The announcement did not disclose the value of the deployment, issuance volumes or a launch date.

Societe Generale’s digital-asset arm, SG-FORGE, issues EUR CoinVertible (EURCV), a stablecoin designed to comply with the European Union’s MiCA rules and support institutional on-chain payments, settlement and asset tokenization. EURCV is already deployed on Ethereum, XRP Ledger and Solana, giving it multichain distribution.

SG-FORGE announced in July 2026 that it would deploy EURCV on Stellar, using the network’s high throughput and low fees to bolster regulated digital-asset infrastructure. EURCV currently has a market capitalization of about $452 million. Stellar becomes the fourth public blockchain supported by the stablecoin.