Societe Generale's digital assets subsidiary, SG-Forge, has conducted a blockchain-based repurchase agreement with the Banque de France, becoming the first tokenized transaction between a euro-zone central bank and a bank. They utilized the Ethereum blockchain to deposit collateral in the form of bonds issued in 2020 and received central bank digital currency (CBDC) from the Banque de France. The transaction showcases the potential of blockchain for interbank refinancing and highlights the benefits of a Central Bank Digital Currency in improving liquidity for digital financial securities.



Other News from Today