Deutsche Börse Group (DB1) and Société Générale Forge plan to introduce regulated euro and dollar stablecoins into the systems that support some of Europe’s largest financial markets, the companies announced on Tuesday.
The two groups have signed an agreement to integrate SG-FORGE’s euro and dollar CoinVertible tokens with Deutsche Börse’s post-trade operations, including Clearstream.
Currently, most payments are made through accounts at centralized securities depositories. The move will give banks and other market participants a way to settle transactions with tokenized cash within a regulated framework.
Stablecoins, which are digital tokens whose value is pegged to a real-world asset such as fiat currency, allow both sides of a transaction to move cash and securities simultaneously on a shared ledger, meaning that funds purchasing bonds can send stablecoins for immediate settlement without waiting for end-of-day processing.
“This strategic partnership strengthens 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 Société Générale 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 token on a digital trading platform to support liquidity.
The two groups will study whether stablecoins can be used across Deutsche Börse’s broader service line. This includes clearing, custody, and data tools that access banks, asset management companies, and crypto companies.
The partnership will take place in parallel with the ongoing wholesale central bank digital currency pilot in which both companies are participating.
