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, 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."