Societe Generale, France’s third largest bank, announced that it has issued its first green bond on the Ethereum (ETH) blockchain.
In a statement made by Societe Generale on Monday, December 4, Ethereum $10.8 million amount and three year term announced that a green bond was issued. Bond Euro on the basis While being implemented, this project on Ethereum will provide greater transparency and traceability in transactions and payments. ease And speed It was stated that it would provide.
The bond’s smart contract is backed by France’s largest insurer AXA Investment Managers and institutional investor Generali Investments. carbon footprint information contains and everybody’s to access open operates as:
This transaction is the first digital green bond issued by Societe Generale to leverage the differentiating functions of blockchain.
Bank’s crypto team Societe Generale-FORGE, had recently presented research reports on blockchain-based bonds. FORGE team especially The Merge Ethereum network, which switched to Proof of Stake (PoS) mechanism with the update relatively low greenhouse gas emissions He emphasized that he was an environmentalist because of this.
Although the bond is a first for SocGen, it is the bank’s first digital bond issuance in 2021. European Investment Bank (EIB) A collaboration was made with .
French Banking Giant Chose Ethereum to Break a First! The article titled was prepared by Tugay Erdem and published on koinbulteni.com.