Societe Generale Issues Security Token Through The Tezos Blockchain

Societe Generale, the third largest bank in France issued a €5 million structured product as a security token on the Tezos public blockchain.

The token was acquired by a group company, Societe Generale Assurance to be used as a medium term auto callable note.

Societe Generale – Forge is the regulated subsidiary that facilitated the issuance of the tokens.

The new initiative demonstrates the legal, regulatory and operational feasibility of using public blockchains for more complex token issuances.

Tezos blockchain an open-source platform for assets and applications backed by a global community of validators, researchers, and builders.

Societe Generale is a French multinational investment bank and financial services company.

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