France’s 3rd Largest Bank Societe Generale’s Subsidiary Obtains Registration ...
Societe Generale-Forge, a subsidiary of France’s third-largest bank, has obtained registration with the Autorité des marchés financiers (AMF), the French financial markets regulator, as a digital asset service provider. Societe Generale’s Subsidiary Registers as Digital Asset Service Provider The digital asset subsidiary of Societe General Group, Societe Generale-Forge, is now registered with France’s financial regulator, the Autorité des marchés financiers (AMF). Societe Generale is France’s third-largest bank by total assets. According to the AMF’s list of....
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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....
French multinational investment bank and financial services company, Societe Generale, has proposed to leverage the decentralized finance (defi) protocol Makerdao. The proposal dubbed “Security Tokens Refinancing” was published on October 1 to Makerdao’s forums and the submission aims to utilize the DAI stablecoin to refinance a covered bond concept.
Societe Generale Proposes Leveraging Makerdao and DAI Stablecoins to Refinance Bond Token
The international bank Societe Generale’s digital currency division has submitted a proposal on Makerdao’s....
The Bank of France’s deputy governor said there has been a “hands-on approach” with the bank’s experiment to launch a digital euro for the general public.
Societe Generale-Forge, the digital assets subsidiary of French banking giant Societe Generale, has launched a EUR-backed stablecoin ($EURCV CoinVertible) on the Stellar network. The move has the potential to reshape the landscape of stablecoins, offering enhanced compliance, cost-effectiveness, and scalability. The $EURCV stablecoin is set to serve as a key tool for financial applications and […]
The digital assets division of the international bank wants to provide home loan-backed security tokens as collateral for the loan. One of France’s leading banks has turned to decentralized finance pioneer MakerDAO to propose the submission of bond tokens as collateral for a loan of the DAI stablecoin.The historic proposal called “Security Tokens Refinancing” was submitted to Maker’s governance forums by the international bank on Oct. 1. It would be the first major collaboration between a traditional bank and a DeFi protocol and could open the door for closer integration between the two....