Summary
- Société Générale said it will launch a tokenized bond trading service in collaboration with SWIFT.
- Société Générale said it plans, through its subsidiary SG FORGE (SG-FORGE), to support the use of both fiat currency and digital assets.
- SWIFT said it is supporting tokenized asset transactions by working with a number of global banks, building a bridge between traditional finance and emerging technology.
Forecast Trend Report by Period
French investment bank (IB) Société Générale will launch a tokenized bond trading service in collaboration with the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
According to CoinDesk on the 15th (local time), Société Générale announced that it has entered into a partnership with SWIFT and will support the exchange and settlement of tokenized bonds. Société Générale plans to enable the use of both fiat currency and digital assets for its tokenized bond trading service through its crypto subsidiary, SG FORGE (SG-FORGE).
Previously, SWIFT unveiled plans in the second half of last year to work with more than 30 global banks to adopt blockchain technology. Thomas Duget, head of tokenized assets products at SWIFT, said, "SWIFT is demonstrating that it can support tokenized asset transactions across multiple platforms," adding, "This builds a bridge between traditional finance and emerging technology."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
