Subheading
Societe Generale’s pioneering repo transaction on the public Ethereum blockchain marks a significant milestone in digital financial securities and central bank digital currency (CBDC) integration.
Highlights
- Pioneering Transaction: Societe Generale completes the first repo transaction on the public Ethereum blockchain with Banque de France.
- Digital Securities: The transaction involves bonds issued in 2020 and demonstrates the feasibility of interbank refinancing on blockchain.
- CBDC Integration: The deal highlights the potential of central bank digital currency (CBDC) to enhance liquidity in digital financial markets.
Societe Generale has successfully completed a groundbreaking repo transaction on the public Ethereum blockchain with Banque de France. This transaction, executed through Societe Generale’s subsidiary SG-Forge, involved the use of bonds issued in 2020 as collateral in exchange for Central Bank Digital Currency (CBDC) issued by Banque de France on its DL3S blockchain.
This pioneering deal demonstrates the technical feasibility of conducting interbank refinancing operations directly on blockchain and illustrates the potential of CBDC to improve the liquidity of digital financial securities. Societe Generale’s commitment to leveraging its financial structuring expertise and SG-Forge’s technological capabilities is evident in this innovative financial market development.
