Societe Generale, through its subsidiary Societe Generale – FORGE, has announced the successful completion of the first guaranteed market transaction executed entirely on a blockchain, Foresight News reported.
The transaction was a repurchase agreement with the Eurosystem central bank using digital securities. Societe Generale used bonds issued on the Ethereum blockchain in 2020 as collateral in exchange for the central bank digital currency (CBDC) issued by the Bank of France on the DL3S blockchain.