{"id":66260,"date":"2023-12-04T17:07:24","date_gmt":"2023-12-04T21:07:24","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=66260"},"modified":"2023-12-04T17:08:31","modified_gmt":"2023-12-04T21:08:31","slug":"societe-generale-issues-e10m-digits-green-bond-on-blockchain","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/societe-generale-issues-e10m-digits-green-bond-on-blockchain\/","title":{"rendered":"Societe Generale Issues \u20ac10m Digits Green Bond on Blockchain"},"content":{"rendered":"\n

Societe Generale, a global financial corporation based in France, launched its inaugural digital green bond on a blockchain network<\/a>.<\/p>\n\n\n\n

\"Societe
Societe Generale Issues \u20ac10m Digits Green Bond on Blockchain<\/figcaption><\/figure>\n\n\n\n

The Paris-based banking business reportedly possesses senior preferred unsecured notes with a three-year maturity valued at close to $11 million on the Ethereum (ETH) blockchain. <\/p>\n\n\n\n

Generali Investments and AXA Investment\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> Managers “fully subscribed the related security tokens through private placement,” the bank continued. In particular, EUR CoinVertible (EURCV), Societe Generale's euro-denominated ERC-20 stablecoin, was purchased and used by AXA Investment for \u20ac5 million. <\/p>\n\n\n\n

The bank intends to use the money raised for environmental projects, such as low-carbon transportation and renewable energy. In an effort to close the gap between the ecosystem of digital assets and traditional capital markets, Societe Generale unveiled the EURCV stablecoin <\/a>in April 2023. <\/p>\n\n\n\n

Stasis, the company that created the euro-pegged stablecoin EURS, expressed doubt about the news, pointing out possible hazards and the “single point of failure” issue with stablecoins issued by commercial banks<\/a>.<\/p>\n\n\n\n

Stasis wasn't the only business to cast doubt on Soci\u00e9t\u00e9 G\u00e9n\u00e9rale's cryptocurrency endeavor; other experts also brought out the fact that EURCV's smart contract depends on a centralized registrant, most likely one under the bank's control.<\/p>\n","protected":false},"excerpt":{"rendered":"

Societe Generale, a global financial corporation based in France, launched its inaugural digital green bond on a blockchain network. The Paris-based banking business reportedly possesses senior preferred unsecured notes with a three-year maturity valued at close to $11 million on the Ethereum (ETH) blockchain. Generali Investments and AXA Investment Managers “fully subscribed the related security […]<\/p>\n","protected":false},"author":43,"featured_media":66262,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[6856,202,15362],"class_list":["post-66260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eur","tag-blockchain","tag-societe-generale"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/croc_1701722146190.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/66260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=66260"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/66260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/66262"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=66260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=66260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=66260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}