Societe Generale details how its blockchain unit is tokenizing assets

Quick Take

  • French banking giant Societe Generale (SocGen) recently tested tokenized bonds and settled them in digital euros issued by the central bank of France
  • SocGen Forge CEO Jean-Marc Stenger told The Block that the bank is working on more such projects, as well as building asset tokenization solutions to help improve liquidity for investors
  • A spokesperson for the French central bank said that it has built its “internal private blockchain” to test digital euros, but it will test other technologies as well
  • Industry participants told The Block that more banks will tokenize assets in the near future

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