Société Générale has issued the first structured product as a security token directly registered on the Tezos public blockchain.
The new four-year €5m (US$5.9m) autocall euro medium-term notes (EMTN) is linked to an undisclosed custom index and follows in the footsteps of the first SG covered bond security token worth €100m on the Ethereum blockchain, settled in euros in April 2019, and a second covered bond security token worth €40m issued by Banque de France in May 2020. This bond was settled in Central Bank Digital Currency (CBDC). The new securities have been fully subscribed by Soc
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