ITDays : NEOFACTO and Société générale shared their partnership
On 18 April 2019, Société Générale SFH issued 100 million euro of covered bond as a security token directly on Ethereum’s public blockchain. These « OFH Tokens » have been rated Aaa / AAA by Moody’s and Fitch and have been fully-subscribed by Société Général Personne Morale.
For the first time, a major bank transposed one of its core business processes on top of decentralized ledger technologies.
Société Générale invited NEOFACTO to make a joint effort in the design and implementation of FORGE Digital Capital Market. This project is backed by FORGE, a startup which is a subsidiary of Société Générale Group, and whose primary focus is the development of blockchain-based solutions around capital markets.
« Our partnership with NEOFACTO was a real catalyst for the success of this project » said Stéphane DUZAN, Co-founder & CTO of FORGE Digital Capital Markets.
Stéphane DUZANCO-founder & CTO
Laurent MarochiniHead of Innovation