ITDays : NEOFACTO and Société générale shared their partnership

A WORLD PREMIERE

Société Générale partnered with Neofacto to issue the first covered bond as a security token on a public blockchain.

NEOFACTO, Forge-Digital Capital Market et la Société Générale were invited to ITDays Digital 'Transformation : Who's in the driver seat ?' to share their success story.

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.

Forge - Digital Capital Markets
Société générale

Speakers of the day

Stéphane DUZAN

CO-founder & CTO

Forge DCM

Romain Griffiths

CTO

NEOFACTO

Laurent Marochini

Head of Innovation

Société Générale