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Société Générale（EPA: GLE）is one of the three giants of French banking, with the full name “Société Générale de Promotion du Commerce et de l'Industrie.” The company's shares are listed on the New York and Paris stock exchanges. It is one of the largest investment banks in the world.
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Seturion collaborates with Société Générale and SG-FORGE to develop a blockchain-based securities settlement system
Seturion, a tokenized securities settlement platform under the Stuttgart Stock Exchange Group, is collaborating with Société Générale, its crypto subsidiary SG-Forge, and online broker flatexDEGIRO to build a blockchain-based securities settlement system in Europe. Société Générale will issue tokenized structured securities—such as Turbo warrants and investment certificates—on its Seturion platform. SG-Forge, which holds a crypto-asset market operator authorization from French regulators, will use its CoinVertible euro and U.S. dollar stablecoins (EURCV and USDCV) for transaction settlement. Meanwhile, flatexDEGIRO will connect the platform to its European retail distribution channels for tokenized securities trading.
Société Générale’s USD Stablecoin Goes Live on MetaMask
According to Bloomberg, Societe Generale-FORGE, the digital asset division of Societe Generale SA, announced in collaboration with blockchain company Consensys that the U.S. dollar stablecoin USD CoinVertible is now available on the self-custodial crypto wallet MetaMask. This initiative marks a significant effort by traditional banks to expand the reach of digital currencies into the cryptocurrency space. Users can now directly access and manage USD CoinVertible tokens within their MetaMask wallets.