Societe Generale Issues First Green Bond on Ethereum Blockchain

The 10 million euro bond, purchased by AXA and Generali Investments, will finance ESG investments and provide constant access to its carbon footprint data.

Societe Generale, the third-largest bank in France, has issued its first digital green bond as a Security Token on the Ethereum public blockchain.
The bond, valued at 10 million euros, has a maturity of three years and its proceeds will be used to finance or refinance products and companies classified under the Eligible Green Activities (ESG) category.
The bond's digital infrastructure grants 24/7 open access to the data on its carbon footprint through the bond’s smart contract.
AXA Investment Managers and Generali Investments purchased the tokenized bonds using the euro-pegged stablecoin EUR CoinVertible issued by Forge, a subsidiary of Societe Generale.
Societe Generale's move follows the launch last week by the European Investment Bank (EIB) of its second euro-denominated digital bond on a private blockchain, in partnership with Goldman Sachs Bank Europe, Santander and SocGen.