The unsecured bond has a value of 10 million euros and a maturity of three years, with all the proceeds going for eligible green activities investments.
The third-largest bank in France, Societe Generale, reported issuing its first digital green bond as a security token on the Ethereum public blockchain. The bond, registered by Forge, a subsidiary of Societe Generale, went public on Nov. 30. The bond has a value of 10 million euros (around $11 million) and a maturity of three years. Its “green” status means that its net proceeds will be used to finance or refinance products and companies classified under the eligible green activities category.
Another innovation of the bond is a technical option for investors to settle securities on-chain through the EUR CoinVertible, a euro-pegged stablecoin issued by Forge in April 2023. Societe Generale keeps in mind the upcoming wave of the central bank digital currencies (CBDCs) While Central Bank Digital Currencies (CBDC) solutions are being experimented, this panel of settlement methods demonstrates the large capabilities of SG-FORGE in providing full spectrum of on-chain services .
