Société Générale issues first covered bond on blockchain

blockchain AS 230x150
By Bill Thornhill
24 Apr 2019

Société Générale has issued the first covered bond as a security token on a public blockchain last week.

Société Générale SFH issued a €100m obligations de financement de l’habitat (OFH) as a security token on April 18.

The Aaa/—/AAA rated tokens were registered on the ethereum blockchain and were retained by the bank.

The French bank said that the technology, which is expected to reduce costs and ...

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