SocGen’s Digitized Bond Passes Settlement Test

Banque de France-backed deal pips private consortiums in dummy run for digital currency trades.

The development of digital currencies capable of underpinning a new generation of financial contracts took an unexpected twist in May.

While the world’s attention was focused on Covid-19, Societe Generale quietly achieved a first: the settlement of a securities trade using a central bank-backed digital currency. The French bank issued a covered bond in the form of a securitized token on a public blockchain. It then bought back the debt using digital euros issued by the Banque de France.

The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: