Select a page

Banking News

SocGen Explores Public Blockchain for Structured Assets

SocGen Explores Public Blockchain for Structured Assets

(15 April 2021 – Global) Societe Generale has issued the first structured product as a security token directly registered on the Tezos public blockchain.

SocGen says the transaction demonstrates the legal, regulatory and operational feasibility of issuing more complex financial instruments on a public blockchain.

Using the technology enables increased efficiency and fluidity of financial transactions, with unprecedented capacity of product structuration, shortened time-to-market, automated corporate actions, increased transparency and speed in transactions and settlements, as well as reduced cost and number of intermediaries, argues the French bank.

The experiment follows a covered bond security token issuance on Ethereum, settled in euros, in 2019, and a second such issuance settled in CBDC issued by Banque de France last year

The transactions are being carried out by SocGen unit Forge, which is working towards being able to offer clients crypto asset structuring, issuing, exchange and custody services by next year.

Comment on this article


Your comments will not be published. Required fields are marked *


Please enter the word you see in the image below:


Subscribe to our mailing list

Sign up now to keep up-to-date with the latest
market news and insights in B2B banking.

* indicates required

For more information please read our Terms and Conditions and Privacy Statements.