Société Générale, one of the largest banks in France, has issued its first digital green bond on a public blockchain. The bond, worth €10 million and with a maturity of 3 years, was fully subscribed by AXA Investment Managers and Generali Investments through a private placement. This move is part of Société Générale’s efforts to expand its expertise in crypto services.
Green bonds are financial instruments issued by governments, companies, or institutions to raise capital for environmentally beneficial projects and initiatives. They are typically labeled as “green” to attract socially responsible investors. Société Générale aims to leverage blockchain technology to issue a digital green bond, joining traditional financial institutions in exploring the tokenization of conventional assets.
The issuance of the digital green bond by Société Générale incorporates two key innovations. Firstly, information about the bond’s carbon footprint is available and accessible in real-time through the bond’s smart contract, allowing issuers and investors to measure the carbon emissions of their securities. Secondly, the use of the EURCV stablecoin provides investors with a new option for securities settlement, showcasing Société Générale’s capabilities in providing a full range of on-chain services.
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| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇫🇷 🇮🇹 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | None |
| Companies | Société Générale, Generali Investments, AXA Investment Managers |
| Currencies | EURC, Euro |
| Securities | None |
