Societe Generale issues first digital green bond on Ethereum
Societe Generale’s first digital green bond is a senior preferred unsecured bond on Ethereum. The bond was issued as a Security Token and registered on November 30, with an inaugural value of 10 million euros. The maturity is three years and net proceeds will go to eligible green projects and activities. Societe Generale, the third-biggest bank in France, recently issued the first ever digital green bond on a public blockchain, according to details in a news release. The French financial services giant said the issuance of the senior preferred unsecured bond was on the Ethereum blockchain, and carried an initial transaction of 10 million euros ($10.79 million). The bond, which was issued as a Security Token and registered on November 30 by Societe Generale subsidiary Forge, has a maturity of three years and grants access to the transparency and traceability of its carbon footprint via a smart contract. Societe Generale issued its first digital gre...