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.

    Share Story:

Recent Stories

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.

Offloading Cyber Risk in the Cloud
As cyber attacks and data breaches are in the news on an increasingly regular basis - with regulatory penalties and customer trust on the line for financial services firms - it has never been more crucial to be compliant in the cloud.

This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.