Société Générale, France’s third-largest bank by assets, has successfully completed a blockchain-based repurchase agreement (repo) transaction with the Banque de France.
This marks the first time a central bank has utilized digital securities for such a transaction.
This milestone transaction demonstrates the potential of blockchain technology to streamline interbank operations like refinancing, while also highlighting the role of CBDCs in enhancing liquidity in digital financial markets. Société Générale stated that the bonds used in the transaction were originally issued in 2020 on Ethereum
The repo transaction was facilitated by SG-FORGE, Société Générale’s subsidiary specializing in digital asset operations since 2018. The bank emphasized that this achievement explains the transformative potential of blockchain and digital assets in reshaping traditional financial systems.
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