Major banks put stablecoins on the Nordic treasury agenda

Danske Bank, Nordea, SocGen, BNP Paribas and ING are all presenting dedicated sessions on stablecoins, tokenised deposits and the digital euro as around 1,000 Nordic treasurers gather at Treasury 360° Nordic in Gothenburg on 23 April.

April 21, 2026

Digitalisation, tokenisation and artificial intelligence are reshaping the corporate treasury function simultaneously. What was discussed as future scenarios two years ago is now presented as products under development – and in some cases in production. Treasury 360° Nordic 2026 in Gothenburg on 23 April is a clear signal: eight of the conference's sessions touch directly on digital asset management, and the list of hosts reads as a cross-section of European banking and treasury infrastructure.

Banks with concrete initiatives and plans

Societe Generale stands out as the only bank on the programme already running a stablecoin in production. Through its subsidiary SG-Forge, the bank has issued what it describes as Europe's first regulated euro and US dollar stablecoins, EURCV and USDCV. The conference session "Practical guide | when treasury meets digital assets: a strategic turning point for liquidity?" directly follows up on a recent expert article from the bank with the same title, in which SocGen argues that regulated, bank-issued stablecoins can represent a tangible solution for corporate treasury as digital assets mature. Kaupr has previously covered how SocGen is bringing its regulated euro stablecoin into MetaMask.

BNP Paribas is hosting the panel "Tokenized deposits: the next evolution of corporate cash", and ING is presenting "The new forms of money: what treasurers need to know about Stablecoins, deposit tokens and CBDCs". Taken together, the four European major banks signal that tokenised deposits and stablecoins are no longer treated as competition from crypto, but as banking products under development.

The Nordic shift

Danske Bank is first on stage among the Nordic players, and speaks from a concrete position. The bank is participating together with Sweden's SEB in the Qivalis consortium, which plans to issue a euro stablecoin in the second half of 2026. The panel discussion "Stablecoins & tokenized deposits: a game changer for treasurers?" poses the decisive question for corporate treasury, and Danske Bank does so with five speakers on the panel.

Nordea is holding its own session titled "Evolution or revolution? Digital currencies in the Nordics", connecting the digital euro, tokenised deposits and other digital forms of money within an explicitly Nordic frame. Nordea currently has no concrete plan to issue its own stablecoin, and the framing is more exploratory than product-oriented.

That the two largest Nordic banks both have dedicated sessions on digital forms of money at the same conference is a shift from previous years. The question formulations – "a game changer?", "evolution or revolution" – show that banks are approaching the topic analytically, but from different positions: Danske Bank with product plans under development, Nordea with strategic exploration.

Crypto infrastructure on the same stage

Ripple Treasury is delivering the presentation "The digital asset era for treasury and finance is here – will you be left behind?", where it highlights 24/7 liquidity and the elimination of trapped cash in correspondent banking networks. The framing is assertive, and the contrast with the banks' more measured question form is clear. But the very point is that both camps are now on the same stage – in front of the same audience of Nordic treasurers.

From strategy to operations

The day before the main conference, treasury consultancy Zanders is holding a workshop titled "Harnessing stablecoins and tokenised assets for effective cash management". The format – pragmatic training rather than panel – signals that the topic has moved from strategy discussion to operational work. Treasurers attending are meant to build this, not just evaluate it.

AI as the third shift

Kyriba, one of the leading providers of treasury management systems, is hosting the panel "What's real, what's 'AI' and how treasurers should use it effectively". The session represents the third structural shift now reshaping the function – alongside digitalisation and tokenisation. Kyriba's framing differs from the typical AI rhetoric by explicitly addressing the distinction between real value and noise.

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