French banking giant SG-FORGE scales tokenized offerings on Canton – Details

French global bank and financial services firm Société Générale is doubling down on tokenization. 

On Thursday, the 14th of May, the firm announced it will set up shop in the Canton network to scale and meet the rising demand for regulated tokenized financial offerings. 

Commenting on the same, Salim Nemouchi, Global Head of Prime Services at Societe Generale (SG), added, 

Last November, the bank rolled out its first U.S. tokenized digital bond issuance via Canton through its digital assets sub-division, SG-FORGE.

After last year’s successful test, the bank now seems ready to scale its tokenized offerings. It noted that it will accept certain tokenized assets as eligible collateral.

Additionally, it will act as an on-chain trading platform for financial instruments for various institutions. 

Finally, it will deploy its regulated stablecoins, USD and EUR CoinVertible (USDV and EURV), for firms seeking on-chain treasury management.

Jean-Marc Stenger, CEO of SG-FORGE, said that,

Tokenization adoption surges

Canton is backed by top Wall Street players like Goldman Sachs, BNY Mellon, and Citadel Securities. It has positioned itself as a privacy-focused blockchain network designed for institutional finance and tokenization. 

This is part of a broader institutional shift to tokenization for global reach and efficiency. Tokenization allows traditional stock, ETF, commodities, and other assets to be represented and traded on-chain. 

And banks are leading the institutional adoption.

Notably, JPMorgan has launched its second tokenized money market fund, JLTXX. The product is targeting stablecoin issuers seeking on-chain treasury management and is similar to BlackRock’s BUIDL.

In fact, tokenized money market funds or government debt that earns a yield is the largest category of tokenized assets. It has grown nearly 4x from $4B to over $15B since 2025.

Overall, the tokenized assets market, excluding stablecoins, has hit $31 billion, up about 4% in the past 30 days of trading. 

Final Summary

• SG-FORGE, the crypto arm of Société Générale, is expanding to the Canton network to scale tokenized collateral, on-chain trading, and stablecoin financing. 
• The move underscores broader institutional adoption of tokenization, with the sector expanding nearly 4x to $15B.