Central bank experiments with CBDC will drive securities onto blockchain

At the end of October, Societe Generale – Forge, the digital capital markets platform of the Societe Generale Group, selected ConsenSys to provide technology and services as part of its central bank digital currency (CBDC) pilot activities.

SocGen wants to build on recent achievements such as the €100 million covered bond it issued as a digital native security token in 2019 and the €40 million covered bond that was settled with CBDC in a joint project with the Banque de France in May.