Societe Generale to introduce a green bond on Ethereum
According to Cointelegraph, the third-largest bank in France, Societe Generale, reported issuing its first digital green bond as a security token on the Ethereum public blockchain. The bond, registered by Forge, a subsidiary of Societe Generale is expected to have gone public on November 30, 2023.
Sources revealed that the bond has a value of about 10 million euros (around $11 million) and a maturity of three years. Its “green” status is believed to mean that its net proceeds will be used to finance or refinance products and companies classified under the eligible green activities category, added Cointelegraph.