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Societe Generale signs blockchain-based repo agreement with Bank of France

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Societe Generale and the Bank of France conducted their first tokenized transaction based on blockchain, providing new ideas for the development of CBDC and heralding the acceleration of the digital transformation of the financial industry.

Societe Generale has announced a blockchain-based repurchase agreement with the Bank of France, marking the bank’s first tokenized transaction with a eurozone central bank, ChainCatcher reported.
The bank said its subsidiary SG-Forge used bonds issued on the public Ethereum blockchain as collateral in exchange for a central bank digital currency (CBDC) issued by the Bank of France on the DL3S blockchain.

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Societe Generale signs blockchain-based repo agreement with Bank of France

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