Société Générale issues euro massive bonds in ethereum
The pilot project, which exceeded US $ 110 million, was led by an internal startup known as Société Générale Forge
The French banking entity Société Général joined the blockchain ecosystem with the issuance of massive bonds in ETH for a value that exceeds USD $ 110 million.
The entity launched more than a year ago an international trade platform with decentralized technology called we.trade in order to support its corporate clients. The issuance of these bonds constitutes a new technological advance.
According to spokesmen of the organism, at present they are oriented to the development of new activities of the market of digital capital. Among the benefits they hope to achieve is product scalability and reduced time for trading.”
Of course, they will obtain the benefits of the blockchain appreciated in the cryptocurrency sector, such as security, speed of transactions and reduction of intermediaries.
It was known that the security tokens obtained the triple A rating by Fitch and Moody’s. “While they are backed by private assets, they will remain on the balance sheet of the French giant lender, the pilot project was led by an internal startup known as Société Générale FORGE.”
M.Pino
Fuente: Diario Bitcoin
