SG – FORGE partners with METACO

July 2022 in News Headlines

Societe Generale – FORGE a fully integrated subsidiary of Societe Generale, providing issuers and investors with end-to-end services to issue, invest and manage digital-native security tokens registered on public blockchains, has selected METACO, a market-leading provider of digital asset management technology and infrastructure, to orchestrate its digital asset custody operations.

Societe Generale is a pioneer in the Digital Ledger Technology space, with innovation sitting at the heart of the group’s strategic priorities. Since 2019, Societe Generale and its subsidiary SG – FORGE structured several native security tokens issuances deployed on blockchain for their clients such as the European Investment Bank’s (EIB) €100 million digital bond issued in 2021. Societe Generale is now offering a range of capital market products to institutional clients under a native security token format on Ethereum and Tezos with full banking level safety and regulatory compliance.

The partnership enables SG – FORGE to continue setting the agenda on the integration of security tokens into traditional finance, and leverage METACO’s bank-grade digital asset custody and orchestration platform, Harmonize, to further expand its offering at scale. These developments are taking place within a larger context marked by the acceleration of market digitalization using blockchain technology, notably through the forthcoming implementation of the EU Pilot Regime and which will permit the processing of security tokens through market infrastructures in compatibility with applicable EU regulations.