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Societe Generale details how its blockchain unit is tokenizing assets

Layer 1s • May 29, 2020, 3:57PM EDT
UPDATED: May 30, 2020, 9:10AM EDT
The Block

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
French banking giant Societe Generale (SocGen) recently tested tokenized bonds and settled them in digital euros issued by the central bank of France.
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