CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
The Daily Hodl 2024-12-15 19:45:35

Banking Giant Societe Generale and Banque de France Complete Tokenized Bond Transaction on Ethereum

European banking giant Societe Generale has successfully completed a collateralized market transaction using tokenized bonds issued in 2020 on the Ethereum ( ETH ) blockchain. Tokenized bonds are a digital representation of traditional bonds that can be held and traded on a blockchain. The immutable nature of blockchains aims to promise a tamper-proof recording of ownership and transaction history of these tokens. In a statement, Societe Generale says it fully executed a tokenized bond transaction on Ethereum through its subsidiary FORGE. The bonds were deposited to serve as collateral in exchange for the central bank digital currency (CBDC) that France’s central bank, Banque de France, issued on its DL3S blockchain. Societe Generale says the transaction marks the first time a repurchase agreement (repo) with a member of the Eurosystem was executed on a blockchain. Repo is a short-term agreement to sell securities and repurchase these later at a predetermined higher price. “This is the first repo transaction (Sale and Repurchase Agreement) in digital securities (Security Tokens) with a Eurosystem’s central bank.” The bank says the transaction demonstrates the technical feasibility of conducting interbank refinancing operations directly on the blockchain. “It illustrates the potential of a Central Bank Digital Currency to improve the liquidity of digital financial securities.” Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Banking Giant Societe Generale and Banque de France Complete Tokenized Bond Transaction on Ethereum appeared first on The Daily Hodl .

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen