ConsenSys Selected by Societe Generale - Forge to Provide Technology and Expertise for Its Central Bank Digital Currency Experiments

  • Cryptocurrencies
  • 29.10.2020 06:30 am

Societe Generale - Forge, the digital capital markets platform of the Societe Generale Group, has selected ConsenSys to provide technology and services as part of its ongoing Central Bank Digital Currency (CBDC) pilot activities.

As part of this partnership, Societe Generale - Forge will continue to build upon its recent groundbreaking achievements such as the issuance of a 100 million Euro covered bond on blockchain in 2019, and the issuance of a 40 million Euro bond that was settled with a CBDC in 2020, a joint project with the Banque de France, the French central bank.

ConsenSys will provide technology and expertise to Societe Generale - Forge, focusing in particular on CBDC issuance and management, delivery versus payment, and cross-ledger interoperability.

Jean-Marc Stenger, CEO of Societe Generale - Forge, noted: “We are pleased to partner with ConsenSys, a company who is a key player in the development of distributed ledger technology globally and offers many of the infrastructure and development tools used by the blockchain community.”

Ken Timsit, Global Head of Enterprise Solutions at ConsenSys, noted: "We have high regard for the accomplishments of Societe Generale - Forge and are proud to be working with them. ConsenSys is committed to advances in the CBDC space and has assisted six central banks around the world on CBDC projects."

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