Societe Generale – FORGE (SG 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 provider. of digital asset management technology and infrastructure, to orchestrate its digital asset custody operations.
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.
Now, Societe Generale is 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.
Security tokens allow for a fully digital issuance process and lifecycle. Due to their innovative characteristics, they have the potential to significantly improve efficiency, speed, and transparency in financial markets and make transactions safer and more resilient – all while offering benefits similar to those of financial instruments issued in a conventional way.
“Bridging the digital asset industry and traditional finance requires a multifaceted approach incorporating institutional-grade technology, regulation, as well as industrial capacities. By partnering with METACO, SG FORGE will be able to leverage their secure infrastructure to ensure that we have a solid foundation to grow our digital asset market activities. ”
– Jean-Marc Stenger, CEO of Societe Generale – FORGE
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 allow the processing of security tokens through market infrastructures in compatibility with applicable EU regulations.
Societe Generale plays a key role in shaping the future of finance. A leading innovator on digital securities, SG FORGE is setting the standard for the asset class, providing a model for a fully regulated and integrated ecosystem across traditional and DLT-based systems of finance. We are proud to partner with SG FORGE and provide our industry leading digital asset infrastructure to support the bank in its vision of bridging traditional and digital finance. ”
– Adrien Treccani, CEO and Founder of METACO
METACO’s infrastructure is supporting key live implementations, in various regulatory jurisdictions, including Switzerland, Germany, the United Kingdom, and Singapore, with other notable projects in progress in jurisdictions such as the United States, Australia, and Hong Kong.