Societe Generale, a prominent French banking group, has achieved a significant milestone by completing the first-ever repo transaction leveraging blockchain technology on a central bank digital currency (CBDC) platform. This groundbreaking transaction was conducted through Forge, Societe Generale's dedicated crypto subsidiary, in close collaboration with the Banque de France, the central bank of France. The transaction utilized a tokenized bond issued on the Ethereum blockchain in 2020 as collateral, while the CBDC issued by the Banque de France served as the cash component. This innovative approach showcases the potential of CBDCs to enhance liquidity for digital financial securities. Societe Generale emphasized that this transaction is a testament to the transformative potential of blockchain technology and CBDCs in shaping the future of financial markets. By leveraging these technologies, financial institutions can streamline processes, reduce costs, and unlock new avenues for growth.

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