The French Bank and the French Central Bank complete a blockchain-based repurchase transaction

2024-12-13 17:58:08

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ChainCatcher news, Société Générale announced that it has signed a blockchain-based repurchase agreement with the French central bank, marking the first such tokenized transaction between the bank and the Eurozone central bank.

In a press release, the bank stated that its digital asset subsidiary SG-Forge used some bonds issued on the public Ethereum blockchain in 2020 as collateral in exchange for central bank digital currency (CBDC) issued by the French central bank on its DL3S blockchain.

Société Générale stated: "This transaction demonstrates the technical feasibility of conducting interbank refinancing operations directly on the blockchain. It highlights the potential of central bank digital currencies to enhance the liquidity of digital financial securities."

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