Societe Generale launches custodial services for crypto fund managers
According to a new press release on Wednesday, Société Générale, one of the largest investment banks in Europe, said that it would be expanding its cryptocurrency asset management services through its Security Services subsidiary. Clients who are digital asset fund managers can now elect to have Société Générale as their fund custodian, valuator and liability […]
Societe Generale proposes historic $20M DAI loan in exchange for bond tokens
One of France’s leading banks has turned to decentralized finance pioneer MakerDAO to propose the submission of bond tokens as collateral for a loan of the DAI stablecoin. The historic proposal called “Security Tokens Refinancing” was submitted to Maker’s governance forums by the international bank on Oct. 1. It would be the first major collaboration […]
Bitcoin too volatile, gold a better stabilizer says Societe Generale analysts
Bitcoin’s price volatility is once again the subject of criticism from bankers as analysts from Société Générale take aim at the premier cryptocurrency. In an investor note quoted by CNBC, analysts at the bank argued that Bitcoin’s (BTC) “erratic price movements” devalued its place in investment portfolios. According to the investor note, the looming threat […]
One of Europe’s largest investment banks issues security token on Tezos
European financial behemoth Société Générale has issued a security token on the Tezos blockchain. According to an announcement on Thursday, the move constitutes the first tokenized asset offered by Société Générale. The bank stated that the security token offering was a significant milestone in the efforts to begin full-spectrum cryptocurrency market operations by 2022. Société […]