Société Générale, one of France’s largest banks, has issued its first digital green bond on the Ethereum blockchain. The €10 million bond was issued by Société Générale’s crypto unit, SG-FORGE, as a security token on the public blockchain. The bond has a three-year maturity and the proceeds will be used to finance or refinance activities aligned with Société Générale’s Sustainable and Positive Impact Bond framework. AXA Investment Managers and Generali Investments, two major institutional investors, fully subscribed to the bond through a private placement. The issuance highlights the growing trust in blockchain technology for sustainable finance and demonstrates Société Générale’s commitment to digital assets and ESG considerations. The bond also introduces enhanced transparency and traceability of ESG data through blockchain technology, allowing for effective monitoring of the environmental impact of financial securities. The settlement of the bond can be done using EUR CoinVertible, a digital asset issued by SG-FORGE, or traditional cash settlement options. This move by Société Générale further strengthens the bridge between blockchain and sustainable finance, contributing to the widespread adoption of blockchain technology in the global financial sector.

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Information	Details
Geography	Europe
Countries	🇫🇷
Sentiment	very positive
Relevance Score	1
People	None
Companies	Société Générale, SG-FORGE, AXA Investment Managers, Generali Investments, European Investment Bank
Currencies	Ethereum, Euro
Securities	None