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Société Générale is looking to acquire a cryptocurrency custodian or at least take a strategic stake in one, according to three people familiar with the French bank’s plans.The bank, known as SocGen, has also sent out a request for proposal (RFP) in search of firms that could provide safekeeping for
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French multinational investment bank and financial services company, Societe Generale, has proposed to leverage the decentralized finance (defi) protocol Makerdao. The proposal dubbed “Security Tokens Refinancing” was published on October 1 to Makerdao’s forums and the submission aims to utilize the DAI stablecoin to refinance a covered bond concept. Societe Generale
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One of France’s leading banks has turned to decentralized finance pioneer MakerDAO to propose the submission of bond tokens as collateral for a loan of the DAI stablecoin.The historic proposal, called “Security Tokens Refinancing,” was submitted to Maker’s governance forums by the international bank on Friday. It would be the
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A flowchart included in the proposal shows six entities: SocGen; SocGen Forge; the MakerDAO protocol; The DIIS Group that will serve as a “security agent,” a requirement under French law to enforce the terms of the loan on the real-world side on Maker’s behalf; an as-yet unappointed MakerDAO legal representative;
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Societe Generale – Forge, the digital capital markets platform of the Societe Generale Group, has chosen one of Blockchain leading companies ConsenSys to provide technology and services as
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A tech-focused subsidiary of Societe Generale said it will trial up to five different blockchains to understand their usefulness in capital markets. Source
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