Societe Generale selects ConsenSys for CBDC experiments

Societe Generale’s digital capital markets platform Forge has selected ConsenSys to provide technology and services as part of its ongoing Central Bank Digital Currency (CBDC) pilot activities.

As part of this partnership, Societe Generale Forge will continue to build upon its recent achievements, such as the issuance of a €100 million covered bond on blockchain in 2019, and the issuance of a €40 million bond that was settled with a CBDC in 2020, via a joint project with the Banque de France.

ConsenSys will provide technology and expertise, focusing in particular on CBDC issuance and management, delivery versus payment and cross-ledger interoperability.

Jean-Marc Stenger, chief executive of Societe Generale Forge, stated: “We are pleased to partner with ConsenSys, a company who is a key player in the development of distributed ledger technology globally and offers many of the infrastructure and development tools used by the blockchain community.”

ConsenSys is an Ethereum software company, which helps developers, enterprises and individuals build applications, financial infrastructure and access the decentralised web.

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