TheBlock
2020-05-29 19:57:32

Societe Generale details how its blockchain unit is tokenizing assets

Quick TakeFrench banking giant Societe Generale (SocGen) recently tested tokenized bonds and settled them in digital euros issued by the central bank of FranceSocGen Forge CEO Jean-Marc Stenger told The Block that the bank is working on more such projects, as well as building asset tokenization solutions to help improve liquidity for investorsA spokesperson for the French central bank said that it has built its “internal private blockchain” to test digital euros, but it will test other technologies as wellIndustry participants told The Block that more banks will tokenize assets in the near future

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