USD Index Starts Inching Toward Highs Again, Société Générale Economists Say ...
In 2022, the U.S. dollar has been very strong, despite the global economy’s downturn and the rising inflation worldwide. 12 days ago, the U.S. Dollar Index (DXY) rallied to a high of 114.8 and since then, the index has pulled pack and a recent analysis from economists at Société Générale notes that the index will likely rally back toward the 114.8 high. Greenback Index Starts Climbing Again After the Recent Pullback, Société Générale Economists See a ‘Prevalence of Upward Momentum’ The U.S. dollar, otherwise known as....
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Société Générale continues its crypto and blockchain experimentation by issuing a tokenized security on the Tezos network. European financial behemoth Société Générale has issued a security token on the Tezos blockchain.According to an announcement on Thursday, the move constitutes the first tokenized asset offered by Société Générale.The bank stated that the security token offering was a significant milestone in the efforts to begin full-spectrum cryptocurrency market operations by 2022.Société Générale through its Société Générale – Forge, or SG Forge, subsidiary reportedly plans to....
French financial services giant Société Générale has issued security tokens on Tezos’ public blockchain as part of its ongoing experimentation with cutting-edge fintech applications. Latest Move Reflects Bank’s Efforts to Fold Cryptocurrency Operations Into Its Ecosystem In its latest milestone in the blockchain arena, French multinational bank Société Générale has issued its very first structured product security token. The token, which represents €5 million of Euro Medium Term Notes (EMTN), represents the first move....
The large French bank was registered by the country’s stock market regulator to provide custody, buy/sell and trading services on Sept. 27 but made no announcement of it. The French stock market regulator, the Autorité des Marchés Financiers (AMF), approved France’s Société Générale bank as a digital assets service provider (DASP) on Sept. 27. Société Générale joined international operators such as Voyager, Bitpanda, Binance and Etoro as registered DASPs. The bank did not announce its approval. Société Générale’s digitally focused Forge subsidiary was registered to provide digital assets....
The firm is also in the process of testing a digital euro together with the European Central Bank. According to a new press release on Wednesday, Société Générale, one of the largest investment banks in Europe, said that it would be expanding its cryptocurrency asset management services through its Security Services subsidiary. Clients who are digital asset fund managers can now elect to have Société Générale as their fund custodian, valuator and liability manager. The tools are designed to facilitate the addition of cryptocurrencies into institutional investors' portfolios. The firm's....
Société Générale's group legal director has called out for the establishment of an international bitcoin regulatory framework. In an article co-written by Dominique Bourrinet, group legal director of the French multinational bank; and his colleague Etienne Mauret, the consequences of bitcoin's undetermined legal status are discussed. A loosely translated version of the article reads: "In terms of French law, it [bitcoin] goes into no known category: it is neither a legal tender nor a means of payment - not even an electronic currency - within the meaning of the Monetary and Financial Code.....