Last month Societe Generale – FORGE published the CAST Framework and whitepaper, a model for how a blockchain security token could operate within a fully regulated environment . There are plans to create a governance body for the framework and a community of banks, financial institutions and fintechs.
The bank has been involved in multiple blockchain-based security token issuances starting in 2019. At least three were for Societe Generale itself and one for the European Investment Bank.
The Societe Generale team took the innovative step of using public blockchains for all its token issuances, although the CAST Framework is DLT agnostic. Despite its cutting edge stance, at first glance, the CAST Framework appears somewhat similar to the current market setup.
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