Société Générale issues first green bond on Ethereum
French third-largest bank, Societe Generale, announced the issuance of its first digital green bond on the Ethereum public blockchain as a security token. The bond, registered by Societe Generale's subsidiary Forge, was listed on November 30 and is worth €10 million (approximately $11 million) with a three-year term.
The bond follows "green" standards, with the net proceeds being used to finance products and companies that meet sustainable green activity (ESG) standards. The bond's digital infrastructure provides round-the-clock access through smart contracts and can be settled on-chain through Forge's Euro-pegged stablecoin, EUR CoinVertible, set to launch in April 2023.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Why Altcoins Can’t Make the Expected Mega Bullish Move? Analyst Reveals the Main Reason
While Bitcoin is trading near all-time highs, why are many altcoins nowhere near record highs?
Spot Litecoin ETF Under SEC Review Added to DTCC List – What Does It Mean?
Canary's spot Litecoin ETF has been included in the DTCC's ETF list.
This Project Focusing on Real World Assets (RWAs) Launches a New Program in Collaboration with Google Cloud! Here Are the Details
MANTRA, a Layer 1 blockchain designed for tokenized real-world assets (RWAs), has launched RWAccelerator.
Investment Giant JPMorgan Analysts Announced a Slowdown in Cryptocurrency Demand! Here's Why
The cryptocurrency market is facing weakening demand as institutional investors reduce their interest in BTC and ETH futures.
Trending news
MoreCrypto prices
More
