Société Générale Launches Security Token on Tezos Blockchain
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Société Générale, a French multinational investment bank, has issued its first security token on the Tezos blockchain. According to a press release, the securities were fully subscribed by the bank's assurances.

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The bank says the securities demonstrate a new step in the development of Société Générale – Forge, a regulated subsidiary of Société Générale Group, aiming at offering by 2022 crypto assets structuring. Société noted the blockchain enabled increased efficiency and fluidity of financial transactions.

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In April 2019, the French credit institution issued a 100 million euros bond as a security token on the Ethereum blockchain.

Société Générale SFH, a subsidiary of Société Générale Group, launched back then its first pilot project developed in partnership with Société Générale – Forge. However, according to Moody’s rating agency, Société Générale was the "only investor," which meant that the new financial instrument was not offered to third parties.

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