SCGLY - French Financial Giant Leverages Ethereum For Issuing First Green Bond Worth $11M | Benzinga
Societe Generale (OTCMKTS: SCGLY) announced the issuance of its first-ever digital green bond on the Ethereum public blockchain in the form of a Security Token.
What Happened: SG-Forge, Société’s subsidiary, registered the bond worth around $11 million, and it went live on Nov. 30, 2023. With a maturity of three years, the bond’s green status implies net proceeds to be used for financing or refinancing products and companies classified under the ESG category.
The tokens have ...