Deutsche Börse Group to Integrate Societe Generale's MiCA-Compliant Stablecoins into Core Market Systems
Deutsche Börse Group and Societe Generale-FORGE have announced a partnership to integrate SG-FORGE's CoinVertible euro and dollar stablecoins into Deutsche Börse's post-trade infrastructure, including Clearstream. This integration targets settlement, collateral management, and liquidity functions on tokenized platforms within a regulated framework.
The initiative's first phase will test CoinVertible as a settlement asset for securities and collateral workflows, as well as explore its use in treasury functions. Additionally, Deutsche Börse plans to list these tokens on its digital trading platforms to support liquidity.
This move represents an expansion of MiCA-compliant stablecoin use across Europe’s financial markets. The partners will also study broader applications across Deutsche Börse’s services including clearing, custody, and data tools designed for banks, asset managers, and crypto firms.
The agreement takes place amid ongoing wholesale central bank digital currency pilots in which both firms are participants. SG-FORGE is positioned as Europe’s reference stablecoin issuer, and this partnership effectively links crypto-native participants with established financial market infrastructures.
The announcement was made on November 18, 2025.
