Societe Generale – FORGE (SG-FORGE)

Societe Generale – FORGE is a regulated subsidiary of Societe Generale Group that issues MiCA-compliant stablecoins (CoinVertible) and provides end-to-end tokenization services for digital-native financial products. It enables institutional investors and corporates to issue, invest, and manage security tokens representing stablecoins, money market instruments, bonds, and structured products on public blockchains like Ethereum, Tezos, Solana, XRP Ledger, and Stellar.

How investors earn yield

Investors can earn yield through two main types of tokenized products: debt securities and structured products.

Smart Cash notes act like digital certificates of deposit. They pay investors either a floating rate (tied to benchmarks like SOFR or ESTR) or a fixed rate. These notes are backed by collateral and carry a guarantee from Societe Generale.

Structured products offer returns based on the performance of other assets, such as stocks, bonds, currencies, commodities, or funds. Societe Generale supports the pricing and liquidity for these products.

Tokenized bonds provide yield through regular coupon payments, just like traditional bonds.

How SG-FORGE earns fees

SG-FORGE acts as the registrar, settlement agent, and issuer for these tokenized products. It earns fees for issuing the tokens and for ongoing servicing.

Important note on stablecoins

The CoinVertible stablecoins themselves do not pay yield to holders. They are fully backed by segregated cash and cash-equivalent assets. Any income generated from managing that collateral goes to the issuer, not to stablecoin holders.

Transparency and compliance

The rules for how each product generates and pays yield are built directly into its smart contract (the automated code on the blockchain). This ensures the process is transparent and meets standard financial market regulations.