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Project Overview
Société Générale（EPA: GLE）is one of the three giants of French banking, with the full name “Société Générale de Promotion du Commerce et de l'Industrie.” The company's shares are listed on the New York and Paris stock exchanges. It is one of the largest investment banks in the world.
XRPL Plans to Introduce Privacy Transfer Feature, Targeting Tokenized Asset Market of Over $530 Million
Odaily News: The latest software version 3.3.0 of XRP Ledger (XRPL) introduces several upgrade proposals, including Confidential Transfers. This feature is designed for institutional users, supporting encrypted token balances and transfer amounts while preserving the visibility of accounts and token types. It is primarily applied to Multi-Purpose Tokens (MPT) on XRPL, including tokenized financial assets such as funds and bonds. Through cryptographic technologies like zero-knowledge proofs, the network can verify transaction validity without disclosing specific amounts. XRPL currently holds approximately $1.38 billion in on-chain real-world assets (RWA), including about $845.7 million in RLUSD. In addition to RLUSD, there are over $530 million in tokenized assets on XRPL, involving issuers such as Ondo, VERT Capital, Archax, and Societe Generale. XRPL 3.3.0 also includes five proposals—Batch, Sponsor, Permission Delegation, and Dynamic MPT—addressing institutional needs such as batch transactions, fee sponsorship, permission management, and dynamic adjustments to token attributes. The aforementioned upgrades have not yet been officially launched and will only be activated after receiving support from more than 80% of XRPL's trusted validator nodes for two consecutive weeks.
Société Générale’s USD Stablecoin Goes Live on MetaMask
According to Bloomberg, Societe Generale-FORGE, the digital asset division of Societe Generale SA, announced in collaboration with blockchain company Consensys that the U.S. dollar stablecoin USD CoinVertible is now available on the self-custodial crypto wallet MetaMask. This initiative marks a significant effort by traditional banks to expand the reach of digital currencies into the cryptocurrency space. Users can now directly access and manage USD CoinVertible tokens within their MetaMask wallets.
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XRPL Plans to Introduce Privacy Transfer Feature, Targeting Tokenized Asset Market of Over $530 Million
Odaily News: The latest software version 3.3.0 of XRP Ledger (XRPL) introduces several upgrade proposals, including Confidential Transfers. This feature is designed for institutional users, supporting encrypted token balances and transfer amounts while preserving the visibility of accounts and token types. It is primarily applied to Multi-Purpose Tokens (MPT) on XRPL, including tokenized financial assets such as funds and bonds. Through cryptographic technologies like zero-knowledge proofs, the network can verify transaction validity without disclosing specific amounts. XRPL currently holds approximately $1.38 billion in on-chain real-world assets (RWA), including about $845.7 million in RLUSD. In addition to RLUSD, there are over $530 million in tokenized assets on XRPL, involving issuers such as Ondo, VERT Capital, Archax, and Societe Generale. XRPL 3.3.0 also includes five proposals—Batch, Sponsor, Permission Delegation, and Dynamic MPT—addressing institutional needs such as batch transactions, fee sponsorship, permission management, and dynamic adjustments to token attributes. The aforementioned upgrades have not yet been officially launched and will only be activated after receiving support from more than 80% of XRPL's trusted validator nodes for two consecutive weeks.
Seturion collaborates with Société Générale and SG-FORGE to develop a blockchain-based securities settlement system
Seturion, a tokenized securities settlement platform under the Stuttgart Stock Exchange Group, is collaborating with Société Générale, its crypto subsidiary SG-Forge, and online broker flatexDEGIRO to build a blockchain-based securities settlement system in Europe. Société Générale will issue tokenized structured securities—such as Turbo warrants and investment certificates—on its Seturion platform. SG-Forge, which holds a crypto-asset market operator authorization from French regulators, will use its CoinVertible euro and U.S. dollar stablecoins (EURCV and USDCV) for transaction settlement. Meanwhile, flatexDEGIRO will connect the platform to its European retail distribution channels for tokenized securities trading.
Société Générale’s USD Stablecoin Goes Live on MetaMask
According to Bloomberg, Societe Generale-FORGE, the digital asset division of Societe Generale SA, announced in collaboration with blockchain company Consensys that the U.S. dollar stablecoin USD CoinVertible is now available on the self-custodial crypto wallet MetaMask. This initiative marks a significant effort by traditional banks to expand the reach of digital currencies into the cryptocurrency space. Users can now directly access and manage USD CoinVertible tokens within their MetaMask wallets.