French Lender Societe Generale Issues $112 Million Bond on Ethereum

UPDATE (April 23, 20:45 UTC): This article has been updated to note that Societe Generale issued the bonds to itself, and to include other details from a rating agency report. ——— French financial services giant Societe Generale Group has issued about $112 million worth of bonds in the form of a security token on the […]

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Chinese Bank Giants Tap Blockchain in Trade Finance Efficiency Boost

The China Banking Association (CBA), the country’s self-regulatory organization for the banking sector, is launching a new blockchain-based platform for trade finance. The platform was announced last week while the organization is in the process of rolling it out for live usage after several pilot programs aimed at improving the efficiency and security of trade finance transactions. […]

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4 Banks Complete €100K Commercial Paper Transaction on R3’s Corda

Four European banks – Commerzbank, ING, Natixis and Rabobank – have settled a live transaction for a short-term debt instrument on the Corda platform developed by blockchain consortium startup R3. According to a report from FinTech Futures on Thursday, the transaction involved an issuance of a one-day maturity euro commercial paper (ECP) worth €100,000 (or […]

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