Paris/Frankfurt, November 18, 2025 – German stock exchange operator Deutsche Boerse (DB1Gn.DE) announced plans to integrate stablecoins issued by French banking giant Societe Generale (SOGN.PA) into its settlement and custody business, marking a major step toward mainstream adoption of blockchain-based financial assets.

Societe Generale’s crypto division, SG-FORGE, has developed both dollar-backed and euro-backed public stablecoins, designed to combine the speed and efficiency of digital assets with the security of traditional finance. While adoption has so far been limited, the partnership with Deutsche Boerse is poised to expand their use in institutional trading and settlement.

Integration via Clearstream

Deutsche Boerse plans to integrate SG-FORGE’s stablecoins into its Clearstream settlement platform, which could enable the tokens to be used for trade settlement, collateral management, and custody services. This represents the first instance of SG-FORGE’s stablecoins being directly incorporated into a major financial market infrastructure.

Jean-Marc Stenger, CEO of SG-FORGE, highlighted the potential benefits:
“What we want to achieve here is to bring to the traditional financial ecosystem the efficiency and speed we all see in the crypto ecosystem.”

By enabling secure, real-time transactions with stablecoins, Deutsche Boerse aims to provide a faster, more cost-effective method for moving funds compared with conventional settlement systems.

Stablecoin Market Context

Currently, SG-FORGE reports $29.6 million of dollar-backed tokens in circulation and €65.2 million ($75.6 million) of euro-backed equivalents. While the market is still relatively small compared with dominant players such as Tether, which has issued $184 billion worth of tokens, integration with Deutsche Boerse could accelerate adoption within the European financial sector.

Financial institutions have long sought to leverage blockchain assets, including stablecoins, to increase efficiency, reduce settlement times, and enhance transparency. By working with a well-established exchange like Deutsche Boerse, Societe Generale hopes to bridge the gap between crypto innovation and traditional banking infrastructure.

Implications for Financial Market Innovation

The collaboration signals a growing trend among centralized financial institutions adopting blockchain technology to improve operational efficiency. Analysts suggest that mainstream adoption of stablecoins in settlement and custody could reduce transaction costs, speed up clearing times, and potentially reshape the role of digital assets in global finance.

With Deutsche Boerse’s wide-reaching network of institutional clients, SG-FORGE’s tokens may soon see greater usage in European and international markets, offering an early example of crypto-finance integration in a regulated environment.