French Bank Societe Generale Issues $122 Million Covered Bond on Ethereum Network | BTCMANAGER
Societe Generale SFH, a subsidiary of one of Europe's largest financial services groups, Societe Generale Group, on April 23, 2019, announced that it had issued the first covered bond as a security token on the public Ethereum blockchain. $122 Million Bond on Ethereum Blockchain An increasing number of banks and?
- French Bank Societe Generale Issues $122 Million Covered Bond on Ethereum Network
- Reading Time: 2 minutes by Aisshwarya Tiwari on April 25, 2019 Adoption , Blockchain , Finance , News
- Societe Generale SFH , a subsidiary of one of Europe's largest financial services groups, Societe Generale Group, on April 23, 2019, announced that it had issued the first covered bond as a security token on the public Ethereum blockchain.
- Examples of these include the Telenor-Valyou partnership in Pakistan, the coming together of HSBC Bank and Reliance Industries in India, and the deployment of Ripple's international remittance platform by Spanish multinational commercial bank Banco Santander.