ChainCatcher news, according to Cointelegraph, Société Générale has completed the first repurchase transaction using blockchain technology within the euro system central bank. This transaction was carried out in collaboration with the Banque de France through Société Générale's digital asset subsidiary, Forge.In the Forge transaction, the repurchase involved tokenized bonds issued in 2020 on the Ethereum blockchain as collateral, while the central bank digital currency (CBDC) issued by the Banque de France was exchanged as cash. Société Générale stated that this transaction demonstrates the technical feasibility of interbank refinancing operations on-chain: "It illustrates the potential of central bank digital currencies to enhance the liquidity of digital financial securities."It is reported that a repurchase transaction is short for a repurchase agreement, which is a financial transaction in which one party sells securities to another and agrees to repurchase them later at a predetermined price.

ChainCatcher news, the crypto bank Banq previously filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for Nevada, but its application has been dismissed.The judge presiding over the case, Natalie M. Cox, stated that the bank's bankruptcy filing was a "malicious" strategy aimed at "gaining an advantage in pending litigation" rather than restructuring.Judge Cox wrote in her ruling that the bankruptcy proceedings were a tactic to protect Banq and its founder Jon Jiles from an investor lawsuit initiated by N9 (the company's primary creditor holding a $3 million stake). N9 accused Jiles of failing to fulfill his fiduciary duties by prioritizing the interests of Prime Trust (of which he is a founder and managing member) over those of Banq.Previous news, the crypto custody company Prime Trust's subsidiary Banq has filed for bankruptcy protection in the U.S. Bankruptcy Court for the District of Nevada.

ChainCatcher news, the crypto custody company Prime Trust's subsidiary Banq has filed for bankruptcy protection in the bankruptcy court for the District of Nevada, USA. In the bankruptcy filing, the company cited approximately $17.72 million in assets and $5.4 million in liabilities. At the time of the bankruptcy filing, TrueUSD halted redemptions, and Haru Invest ceased operations citing issues with unnamed partners.The company also noted in the documents that its former executives transferred $17.5 million in assets to Fortress NFT Group in an "unauthorized transfer," which included trade secrets as well as proprietary information and technology. Banq has sued Fortress for allegedly stealing trade secret information to launch competing NFT platforms Fortress NFT and Planet NFT, further accusing them of engaging in fraudulent activities to cover up their misconduct.Previous report indicated that earlier this year, Prime Trust laid off a third of its staff. (CoinDesk)