TLDR Crypto · INNOVATION & LAUNCHES
SOCGEN ISSUES GREEN EURO-DENOMINATED BOND ON ETHEREUM
Summary from the TLDR Crypto newsletter
French bank Societe Generale has issued its first green bond on Ethereum valued at approximately $10.8 million with a three-year maturity. Issued by the bank's crypto team, the tokenized bond offers greater transparency and traceability of transactions, including carbon footprint data. The bank is seemingly expanding its interests in digital assets as previously seen with their plans for an Ethereum-based euro-pegged stablecoin.