//$112 Million: French Banking Giant Societe Generale Issues Massive Euro Bond on Ethereum

$112 Million: French Banking Giant Societe Generale Issues Massive Euro Bond on Ethereum

By CCN.com: The blockchain bug seems to have bitten French banking giant Societe Generale to a point of no return. A little over a year ago, the third largest bank in France by assets unveiled a blockchain-based trade finance platform for all its corporate clients, the we.trade platform. Now Societe Generale has found another use case for blockchain technology – bond issuance. In a statement, the giant lender has revealed that its covered bond unit, Societe General SFH, has issued its first covered bond on the Ethereum blockchain worth over $110 million. The security tokens have been awarded a triple

The post $112 Million: French Banking Giant Societe Generale Issues Massive Euro Bond on Ethereum appeared first on CCN