Societe Generale, more commonly referred to as SocGen, has become the first company to receive a crypto license in France.

The FinServ company’s crypto division, SG Forge, got multiple services licensed on July 18.

France’s financial market regulator, Autorité des Marchés Financiers, has officially green-flagged the company to provide digital asset custody services.

SG Forge is now also licensed to foster the buying-selling of crypto and other digital assets. Parallelly, it is also eligible to “receipt and transmission” third-party crypto orders.

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