Société Générale performs the first financial transaction settled with a central bank digital currency

News

22 May 2020

On 14 May 2020, Societe Generale SFH, the covered bond vehicle of Societe Generale, issued €40 million of covered bonds (“obligations de financement de l’habitat” or “OFH”)) as security tokens directly registered on a public blockchain. Rated Aaa by Moody's and AAA by Fitch, these OFH Tokens were fully subscribed by Societe Generale which simultaneously paid the issuer in a digital form of euros issued by Banque de France through a blockchain platform.

The entire article is reserved for Efma members, please login to access. Need help to set up your account? Get help with this flyer