Société Générale and Banque de France Use Blockchain for Financial Transactions 👍🏻
Société Générale completed the Eurosystem’s first blockchain-based repo transaction in collaboration with the Banque de France. Conducted through its Forge subsidiary, the transaction used tokenized bonds on Ethereum as collateral and central bank digital currency (#CBDC ) as cash. This milestone demonstrates the feasibility of on-chain interbank refinancing and highlights the liquidity benefits of CBDC in digital securities markets. Société Générale and Banque de France are actively exploring blockchain applications, including cross-border payments and stablecoin projects.
In parallel, #Riot Platforms purchased $510M in Bitcoin amid investor calls to repurpose its infrastructure for AI, reflecting dual opportunities in digital assets and computational services.
This is bullish!
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