Case Study: Societe Generale – FORGE issues Europe’s first digital bond on public Ethereum with ConsenSys

ConsenSys Supports Societe Generale - FORGE On The Issuance and Settlement of the European Investment Banks’ First Digital Bond on Public Ethereum

Societe Generale - FORGE, the digital capital markets platform of the Societe Generale Group, required technology and services to support its CBDC pilot activities and the issuance of a digital bond on a public blockchain network. ConsenSys provided its Codefi Payments product to address this challenge.

ConsenSys formed a joint team with Societe Generale - FORGE to define and develop the smart contract representing CBDC balances in Euro. The solution, which leveraged existing token standards, was deployed by the Banque de France on the Ethereum mainnet, enabling the on-chain settlement of a €100 million digital bond issued by the European Investment Bank. This marked the first time multiple financial institutions used a global public blockchain for the complex post-trade settlement of digital securities.

Societe Generale

Jean-Marc Stenger

Chief Executive Officer