Apr 24, 2019
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$112 Million Bond Issued On Ethereum by French Finance Firm

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Societe Generale Group is a French financial services company which has just issued more than $110 million worth of bonds in the form of a security token on the public Ethereum blockchain.

It was announced today that the subsidiary dubbed Societe Generale SFH used the OFH token (obligations de financement de l’habitat, or home financing obligations in English) in order to represent 100 million euros of covered bonds, a type of security that is backed by specific assets but remain on the issuer’s balance sheet.

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