Societe Generale Forge (SocGen Forge), the digital assets arm of the big French bank, received a digital assets license at the end of September. That’s according to the French securities regulator, Autorité des Marchés Financiers, which published an updated list of companies with licenses last week, as first reported by The Block.
The SocGen division is best known for taking a leading role in the issuance of the €100 million ($98m) European Investment Bank bond.
The license includes custody, purchase/sale of digital assets for legal tender and the trading of digital assets against other digital assets. The company signed a deal with digital asset custody technology provider Metaco in late June. Caisse des Depots, the state-owned bank, received a digital asset custody license a year ago.
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