Today Societe Generale – FORGE (SG – FORGE) announced that METACO will provide digital asset custody for participants in SG-FORGE’s security token issuances. SG – FORGE is a digital asset pioneer, one of the first to use public blockchain for regulated security tokens. Apart from issuing a bond for Societe Generale on Ethereum, the European Investment Bank (EIB) also issued a €100 million bond using its platform.
SG – FORGE has also been involved in central bank digital currency (CBDC) trials with the Banque de France, and created a framework, CAST, for security token issuance. Earlier this month, the EU finalized the legislation for DLT Pilots for tokenized securities, and SocGen FORGE expects to be a major player.
“Bridging the digital asset industry and traditional finance requires a multifaceted approach incorporating institutional-grade technology, regulation, as well as industrial capacities,” said Jean-Marc Stenger, CEO of Societe Generale – FORGE.
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