Societe-Generale Forge and Bitpanda Expand Partnership in Decentralised Finance
Societe Generale-FORGE (SG–FORGE) and Bitpanda strengthen their partnership to support the deployment by Bitpanda of SG-FORGE’s stablecoins in Decentralized Finance (DeFi). Bitpanda is the first broker to enable its retail clients in Europe to earn yield on the CoinVertible through its DeFi wallets.
“As the digital asset subsidiary of Societe Generale, SG-FORGE is excited to collaborate with Bitpanda, a key player in the evolving digital landscape. After establishing euro and dollar stablecoins as cornerstone assets within the Bitpanda ecosystem, we are now taking a decisive step forward by expanding, through our partnership, into the world of DeFi”, said Jean-Marc Stenger, CEO of Societe Generale–FORGE.
“This is a milestone moment for Web3 in Europe. SG-FORGE is one of the most forward-thinking institutions in banking, and their commitment to real-world adoption of blockchain technology is unmatched. By integrating their stablecoins into the Bitpanda DeFi Wallet we are laying the groundwork to create real ways people can benefit from Web3 and creating a new era of interoperable, regulated finance”, said Lukas Enzersdorfer-Konrad, Co-CEO of Bitpanda.
SG-FORGE already announced the launch of its USD CoinVertible and EUR CoinVertible stablecoins on the decentralized finance protocols, Morpho and Uniswap, through its partners opening lending, borrowing and spot markets on Ethereum public blockchain.
A Long-Term Partnership
Since September 2024, SG-FORGE and Bitpanda have worked together to broaden access to regulated stablecoins, beginning with the MiCA-compliant EUR CoinVertible (EURCV), followed by the launch of the USD CoinVertible (USDCV). Their shared ambition is to make stablecoins more accessible to the public and to strengthen trust in the digital economy.
As part of that ambition, Bitpanda is focused on delivering Web3 innovation to meet users where they are today, instead of pushing them to adapt to complex new technologies. At the heart of that ambition is the Vision Token and upcoming Vision Chain. While EURCV already serves as the preferred stablecoin for Bitpanda’s margin trading service, today’s announcement paves the way for future collaboration to trustworthy financial innovation.
