French financial services giant Société Générale has issued security tokens on Tezos’ public blockchain as part of its ongoing experimentation with cutting-edge fintech applications.
Latest Move Reflects Bank’s Efforts to Fold Cryptocurrency Operations Into Its Ecosystem
In its latest milestone in the blockchain arena, French multinational bank Société Générale has issued its very first structured product security token. The token, which represents €5 million of Euro Medium Term Notes (EMTN), represents the first move by the bank to tokenize assets. The insurance arm of the bank, Société Générale Assurances, fully subscribed to the security token offerings.
This latest development follows other work the bank has already undertaken through its regulated subsidiary Société Générale – Forge. Since it first tokenized a €100 million covered bond settled in Euros in 2019 on the Ethereum blockchain, the bank has also handled another covered bond worth €40 million f
Źródło: https://news.bitcoin.com/societe-generale-launches-blockchain-based-structured-product/
