SG-FORGE and Kraken partner to list EUR CoinVertible with Societe Generale as one of the liquidity providers

Press Release

Paris, 3 November 2026

Societe Generale-FORGE and Kraken today announced the listing of the EUR CoinVertible on the exchange, and its expected integration in crypto derivatives as the cash leg for collateral management.

This initiative also represents a significant step for Societe Generale, which will support EUR CoinVertible liquidity as market maker on Kraken, becoming one of the first major banks worldwide to perform this role in crypto markets.

EUR CoinVertible, issued by Societe Generale-FORGE (“SG-FORGE”), will be listed on Kraken, one of the world’s leading crypto platforms, making it the first euro-denominated stablecoin issued by a subsidiary of a major European banking group to be available on the platform.

Millions of Kraken clients will have access to EUR CoinVertible for cryptocurrency trading, enabling them to buy, sell, and transfer digital assets while benefiting from a leading European stablecoin.

At a later stage, the EUR CoinVertible will be integrated in Kraken’s crypto derivatives as the cash leg for collateral management. This integration will support new use cases and a wider distribution of SG-FORGE’s stablecoin.

These developments further support SG-FORGE’s strategy to broaden access to its stablecoins and foster their adoption across digital asset markets. EUR CoinVertible is designed to offer institutional, corporate, and retail investors a secure settlement solution for trading, payments, and tokenized finance within a regulated framework.

Alongside the listing, Societe Generale will act as a liquidity provider for EUR CoinVertible and position itself as one of the first major banks to engage in regulated crypto-asset market making on a leading global crypto platform. This initiative leverages the bank’s decades of experience in providing liquidity across a broad range of financial markets and represents a new step in the development of blockchain-based market infrastructures.

By acting as a liquidity provider, Societe Generale will help enhance tradability and market efficiency around EUR CoinVertible, supporting the stablecoin’s growing role across trading, settlement and tokenized finance use cases, while contributing to the ambition of making EUR CoinVertible the most liquid euro-denominated stablecoin globally.

The partnership reflects both companies’ commitment to advancing a secure, transparent and regulated digital asset market infrastructure. By combining Kraken’s global distribution capabilities with SG-FORGE’s expertise, the collaboration aims to accelerate the adoption of stablecoins and foster the development of new on-chain financial applications.

Press contacts:

Amandine Grison  +33 1 41 45 92 40   amandine.grison@socgen.com

Sarah Cohen Lippe  +33 1 58 98 51 91   sarah.cohen-lippe@socgen.com