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Société Générale Completes First Blockchain Repo Deal with Banque de France

Société Générale Completes First Blockchain Repo Deal with Banque de France

Société Générale's digital assets arm, SG-Forge, has completed a groundbreaking digital securities transaction with a central bank.

The French bank deposited 2020-issued bonds as collateral with the Banque de France, using the public Ethereum blockchain, in exchange for a central bank digital currency (CBDC) issued on the bank’s DL3S blockchain.

Societe Generale highlighted the significance of this transaction in demonstrating how blockchain can enhance banking operations, especially in terms of boosting efficiency and liquidity for financial securities through Central Bank Digital Currencies (CBDCs).


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This milestone marks progress in integrating digital assets with conventional financial systems, opening the door for future advancements in digital finance.

Additionally, it underscores how CBDCs can enhance the liquidity of digital financial assets, marking a significant step forward in the evolution of digital finance.

Author
Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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