Societe Generale SFH, the covered bond vehicle of Societe Generale, issued the first covered bond (EUR 100m) as a security token on a public blockchain.

On 18 April 2019 Societe Generale SFH, a subsidiary of Societe Generale Group, issued EUR 100m of covered bonds (“obligations de financement de l’habitat
or “OFH”) as a security token, directly registered on the Ethereum
blockchain. OFH Tokens have been rated Aaa / AAA by Moody’s and Fitch
and have been fully subscribed by Societe Generale.

This operation
is the first pilot project developed by Societe Generale and Societe
Generale FORGE, one of the 60 internal startups launched via the Internal Startup Call,
the Group’s intrapreneurial programme. This startup experiments
disruptive business solutions using blockchain technology to develop new
digital capital market activities.

This live transaction explores
a more efficient process for bond issuances. Many areas of added value
are predicted, among which, product scalability and reduced time to
market, computer…

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Source: https://thebitcoinnews.com/societe-generale-issued-the-first-covered-bond-as-a-security-token-on-a-public-blockchain/