MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: Newedge Group | Société Générale
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Societe Generale Issued the First Covered Bond as A Security Token on A Public Blockchain - Societe Generale SFH, the covered bond vehicle of Societe Generale, issued the first covered bond (EUR 100m) as a security token on a public blockchain - SocieteGenerale.com
Societe Generale Issued the First Covered Bond as A Security Token on A Public Blockchain

 

NewswireToday - /newswire/ - Paris, Ile-de-France, France, 2019/04/23 - Societe Generale SFH, the covered bond vehicle of Societe Generale, issued the first covered bond (EUR 100m) as a security token on a public blockchain - SocieteGenerale.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial / Legal / Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

On 18 April 2019 Societe Generale SFH, a subsidiary of Societe Generale Group, issued EUR 100m of covered bonds (“obligations de financement de l’habitat” or “OFH”) as a security token, directly registered on the Ethereum blockchain. OFH Tokens have been rated Aaa / AAA by Moody’s and Fitch and have been fully subscribed by Societe Generale.

This operation is the first pilot project developed by Societe Generale and Societe Generale FORGE, one of the 60 internal startups launched via the Internal Startup Call, the Group’s intrapreneurial programme. This startup experiments disruptive business solutions using blockchain technology to develop new digital capital market activities.

This live transaction explores a more efficient process for bond issuances. Many areas of added value are predicted, among which, product scalability and reduced time to market, computer code automation structuring, thus better transparency, faster transferability and settlement. It proposes a new standard for issuances and secondary market bond trading and reduces cost and the number of intermediaries.

The operation was made possible thanks to the teams of the Finance, Legal, Compliance and Operations departments of the Bank. Gide Loyrette Nouel was appointed as legal advisor to the OFH Token issuer and PwC France and francophone Africa was involved as blockchain advisor.

Innovation is at the core of Societe Generale’s DNA and a priority of its Transform to Grow strategic plan. The Group’s digital transformation speeds up using new technologies to innovate and better serve its clients.

In the field of blockchain and Distributed Ledger technologies, Societe Generale (societegenerale.com) has been involved for several years in numerous initiatives, such as we.trade, the first blockchain-based trade finance platform now available to all its corporate clients in France, or the launch of komgo SA to digitalise the trade and commodities finance sector through a blockchain based open platform.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial / Legal / Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Newedge Group | Société Générale

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial / Legal / Venture articles,
CATCH Visitors via Your Competitors Announcements!


Societe Generale Issued the First Covered Bond as A Security Token on A Public Blockchain

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Astrid Fould Bacquart - SocieteGenerale.com 
+33(0)1 56 37 67 95 astrid.fould-bacquart[.]socgen.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Newedge Group | Société Générale securities in any jurisdiction including any other companies listed or named in this release.

Financial / Legal / Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Newedge Group | Société Générale / Company Profile


Read Financial / Legal / Venture Most Recent Related Newswires:

Apollo and Athene to Acquire PK AirFinance from GECAS
TRA Offers Complimentary Business Assessment to TPA Owners through Year-End 2019
ALM Announces New Data-driven Audience First Marketing Platform
South Carolina's SuggsJohnson CPA Firm Promotes Three Professionals to Expanded Roles
LexisNexis Launches Enhanced CourtLink Docket Research Solution on the Lexis Advance Platform
Societe Generale Announces An Agreement for the Sale of PEMA GmbH to TIP Trailer Services
EDF Signs Two Bilateral Sustainable Revolving Credit Facilities with Crédit Agricole CIB and Societe Generale CIB
LexisNexis Launches Context for Courts, Delivering Venue-Specific Insights for Data-Driven Litigators
SuggsJohnson CPAs Relaunch Website as Step in Expanding Digital Presence
NCR Acquires D3 Technology
ALM Acquires Australia’s General Counsel Summit
South Carolina CPA Firm SuggsJohnson Expands Audit & Assurance Team with Addition of Halkowitz
The Retirement Advantage Welcomes Two New Regional Sales Consultants
Leonardo Signs Memorandum of Understanding with BNL Gruppo BNP Paribas, Cassa Depositi e Prestiti, Intesa Sanpaolo and UniCredit
LexisNexis Legal & Professional Awarded 2019 Achievement in Customer Excellence

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit Havens Metal Works

Visit  RightITnow, Inc.





 
  ©2019 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)