Societe Generale Subsidiary Issues 100 Million Euro Bond on Ethereum Blockchain


A subsidiary of one of Europe’s largest financial services groups, Societe Generale Group, Societe Generale SFH introduces its first pilot project that has been developed in collaborations with Societe Generale FORGE.  The Societe Generale FORGE is an internal startup launched through the Group’s intrapreneurial program, the Internal Startup Call.

Societe Generale launched a joint venture dubbed komgo SA last September and became one of the major financial organizations to do so. The venture will oversee a new blockchain-based platform for financing the trading of commodities, aimed at digitizing trade and commodities finance processes through a blockchain-based open platform. The network is developed in partnership with the Ethereum-focused blockchain infrastructure and solutions group ConsenSys.

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