Summary
- Societe Generale announced that it has completed the first repo transaction by introducing blockchain technology to the Eurosystem central bank.
- The transaction reportedly used tokenized bonds issued on the Ethereum blockchain in 2020 and the Banque de France's CBDC.
- Societe Generale stated that CBDC has the potential to improve the liquidity of digital financial securities.
According to Cointelegraph, on the 13th (local time), French bank Societe Generale has introduced blockchain technology to the Eurosystem central bank and completed the first repo (repurchase agreement) transaction.
The transaction was conducted through Societe Generale's digital asset subsidiary, Forge, in collaboration with the Banque de France.
This transaction included tokenized bonds issued on the Ethereum blockchain in 2020 as collateral, and the CBDC issued by the Banque de France was used like cash.
Societe Generale stated, "The potential of CBDC to improve the liquidity of digital financial securities has been proven."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
