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Stéphanie Cabossioras
Speaker · Proof of Talk 2026
Societe Generale-FORGE

Stéphanie Cabossioras

Chief Strategy & Global Policy Officer, Societe Generale-FORGE

SG-FORGE put securities on chain years before the cash to settle them, and her case, made from inside a bank and to the European Parliament, is that the cash leg is the unfinished half.

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The Significance

Why the room needs them.

Stéphanie Cabossioras is Chief Strategy & Global Policy Officer of Societe Generale-FORGE, a former Deputy General Counsel of France's Autorité des marchés financiers who was later Executive Director of Binance France. In December 2025 she gave evidence on digital assets to the European Parliament's ECON committee, asking for the cap on DLT market infrastructure to be removed or set no lower than EUR 500 billion and for regulated euro stablecoins issued by European entities. She spoke at Proof of Talk Paris 2026 as a panellist on institutional DeFi.

The Numbers
EUR 500bn
Minimum cap for DLT market infrastructure she asked the European Parliament to set, December 2025
Top 50
Named in CoinDesk's inaugural Top 50 Women in Web3 & AI, powered by Proof of Talk, June 2025
The Thesis · on the record

What Stéphanie believes about the next ten years.

01
Europe should issue its own regulated euro stablecoins
In a written interview with Finyear in May 2025, when she was General Secretary of SG-FORGE, she called MiCA's bar on intermediaries passing stablecoin reserve interest to investors a very significant competitive disadvantage for European players against their international competitors, with no added value for investor protection. Her written statement to the European Parliament's ECON committee that December argued that it is "absolutely crucial" that Europe develops strong regulated euro stablecoins issued by European entities, alongside a wholesale central bank digital currency.
02
The cap on DLT market infrastructure is set too low
The same statement called the cap on financial instruments admitted to trading on a DLT infrastructure "far too low", and asked the Parliament either to remove it for listing on major market infrastructure or to provide a minimum cap of EUR 500 billion. It also asked for the prudential regime applicable to cryptoassets to be eased, so that traditional banks and financial intermediaries can develop these services for their customers.
03
Tokenisation's unfinished business is the secondary market
"The challenge now is to create secondary markets for security tokens," she wrote to the ECON committee, after describing Europe as a pioneer in bond issuance on the primary market. She framed the same gap as a settlement problem on the Proof of Talk Paris 2026 panel: securities had moved on chain, cash had not, which is what SG-FORGE's stablecoins were issued to solve.
04
Custody is why banks still have a future in DeFi
On the Proof of Talk Paris 2026 panel she said institutional clients prefer the safety of a regulated bank to open-source, non-custodial DeFi protocols, because holders do not want to keep assets in their own wallets and safes and will delegate that peace of mind to a third party, which is why custodians and banks still have a future.
The Timeline

Years of shipping.

2010
Expert in means of payment, Banque de France
2013–2016
Judge and auditor, Cour des comptes
2017–2022
Autorité des marchés financiers: head of the European affairs department, then adviser to the General Counsel and Deputy General Counsel
2022–2023
Binance France: General Counsel in 2022, then Executive Director
2023–2024
Senior financial auditor at the Cour des comptes, then joined Societe Generale-FORGE as General Secretary in July 2024, over its regulatory, legal, compliance and financial functions
2025
Chief Strategy & Global Policy Officer from November; gave evidence on digital assets to the European Parliament's ECON committee on 3 December
In Their Words

Lines that keep proving correct.

“At the end of the day, we were stuck because there was only the securities leg on the blockchain, and we had no cash leg on the blockchain. That's why we started to issue a stablecoin.”

Panel, "Institutional DeFi: The Use Cases Worth the Risk", Proof of Talk Paris 2026, 2 June 2026, as reported by CoinDesk, 3 June 2026

“We don't want to keep our assets in our private wallets, in our safes at home. We want to delegate this peace of mind to a third party. And that's why custodians or banks still have a future.”

Same Proof of Talk Paris 2026 panel, as reported by CoinDesk, 3 June 2026

“It is absolutely crucial that Europe develops strong regulated euro stablecoins issued by European entities.”

Written statement to the European Parliament's ECON committee public hearing on digital assets, Brussels, 3 December 2025
The Body of Work

What they have built, written, and backed.

Built

  • France's PSAN regimemind Fintech reports that, as deputy director of legal affairs at the Autorité des marchés financiers, she took part in developing the national registration regime for digital asset service providers.
  • Legal Blockchain & Crypto AssociationFounding member and vice-president, 2022, per the CV she filed with the European Parliament.
  • Association for Women in Cryptocurrency, French branchFounding member and deputy vice-president of the French branch, 2024, per the same CV.
  • Five articles on digital asset lawPublished in French law reviews between 2022 and 2025: the DLT pilot regime for market infrastructures (Bulletin Joly Bourse, March 2022), custody under the UNIDROIT principles on digital assets (Revue de droit bancaire et financier, July–August 2023), the regulation of digital asset services (Revue Lamy Droit des affaires, January 2024), legal qualifications and regulatory regimes for taking crypto assets (Revue trimestrielle de droit financier, September 2024) and civil law and crypto assets (Revue de droit bancaire et financier, January 2025), several co-written with practising lawyers and academics. Her CV lists three further publications, on securities law and on history.

Stéphanie at Proof of Talk

The next Proof of Talk is in Abu Dhabi.

Louvre Abu Dhabi, 3–4 December 2026. Admission is by application, and the room is capped at 2,000.

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