Societe Generale’s SG-Forge became the first crypto firm to gain a full license in France back in July
SG-Forge, the company’s crypto outfit, registered with France in September 2022
A “reputable agent” separate from the bank’s crypto team will manage the stablecoin’s collateral
In August, MakerDAO added the bank’s digital asset-focused subsidiary, Societe Generale–Forge, to its vaults with a credit limit of $30 million in DAI after a unanimous vote
European plans for a Central Bank Digital Currency (CBDC) are moving from a research and experimental phase to practical applications.
Société Générale will experiment with using regulated security tokens on Ethereum to back a stablecoin loan in historic merging of TradFi and DeFi.