SOCIETE GENERALE SUCCESSFULLY COMPLETED A FIRST REPO TRANSACTION ON PUBLIC BLOCKCHAIN WITH THE BANQUE DE FRANCE

Press release

Paris, December 13, 2024

Societe Generale announces the successful completion of a collateralized market transaction fully executed on blockchain through its subsidiary Societe Generale – FORGE. This is the first repo transaction (Sale and Repurchase Agreement) in digital securities (Security Tokens) with an Eurosystem’s central bank.

Societe Generale deposited as collateral with the Banque de France some bonds issued in 2020 on the public Ethereum blockchain in exchange of Central Bank Digital Currency (CBDC) issued by the  Banque de France on its DL3S blockchain.

This transaction demonstrates the technical feasibility of interbank refinancing operations directly on blockchain. It illustrates the potential of a Central Bank Digital Currency to improve the liquidity of digital financial securities.

This pioneering deal demonstrates Societe Generale’s commitment to leveraging its financial structuring expertise and SG-FORGE’s technological capabilities to contribute building innovative financial markets.

Press contacts:

Societe Generale

Fanny Rouby : +33 1 57 29 11 12  fanny.rouby@socgen.com

Sarah Cohen Lippe :  +33 1 58 98 51 91  sarah.cohen-lippe@socgen.com

SG-FORGE – PR Agency Ballou
Caroline de Frias, Astrid Amegnran, Thomas Duporge,

+33 1 42 22 24 10, sg-forge@balloupr.com