Société Générale (SocGen), France’s third-largest listed bank, made its foray into blockchain-based financial solutions by issuing its first digital green bond — amounting to €10 million — on a public blockchain, as per a Dec. 4 press release.
Following the European Investment Bank’s (EIB) recent digital bond launch on a private blockchain, the French lender’s initiative marks another step towards the widespread adoption of blockchain technology in the global financial sector.
The issuance not only highlights the growing trust in blockchain as a disruptive tool for sustainable finance but also signals the increasing digitalization in the financial sector.
Green bond on Ethereum
SocGen’s crypto unit SG-FORGE issued the bond as a security token on the Ethereum public blockchain on Nov. 30.
The issuance was structured as a senior preferred unsecured bond with a three-year maturity. The bond’s proceeds are designated for financing or refinancing activities that align wi
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