Société Générale announced the issuance of its first digital green bond worth 10 million euros ($10.8 million) as a security token registered directly on the Ethereum public blockchain by SG-FORGE. The token has been privately sold by two Fully subscribed by top institutional investors AXA Investment Managers and Generali Investments, the bank will use the net proceeds from the bond sales to fund or refinance sustainable activities.
Société Générale said the tokenized bonds would ensure “increased transparency and traceability, and increase the liquidity and speed of trading and settlement.”