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

New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

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.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.