French Lender Societe Generale Issues $112 Million Bond on Ethereum

French financial services giant Societe Generale Group has issued about $112 million worth of bonds in the form of a security token on the public ethereum blockchain.

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

Read more https://www.coindesk.com/french-lender-societe-generale-issues-112-million-bond-on-ethereum

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