TechFlow news: France's third-largest bank, Société Générale, has announced the issuance of its first digital green bond on the Ethereum public blockchain as a security token. Registered by Forge, a subsidiary of Société Générale, the bond was listed on November 30. Valued at 10 million euros (approximately $11 million), it has a maturity period of three years.
The bond follows "green" criteria, with net proceeds allocated to fund products and companies meeting sustainable environmental, social, and governance (ESG) standards. The bond’s digital infrastructure enables round-the-clock access via smart contracts and can be settled on-chain using EUR CoinVertible, a euro-pegged stablecoin issued by Forge in April 2023.
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