Integration follows a Series A funding round for Saphyre that took place earlier this year and saw it raise $18.7 million from the likes of JP Morgan and BNP Paribas.
Tag: Societe Generale
As Global Custodian previews its upcoming Leaders in Custody awards on 4 May, we look at the nominees for Digital Assets Initiative of the Year, a new and coveted category.
Euroclear, BNP Paribas and Societe Generale involved in CBDC settlement experiment with French central bank
The experiment focused on the entire life cycle of securities, from issuance and registration in the blockchain to secondary market operations’ settlement.
It represents the market’s first multi-dealer led, primary issuance registration and settlement of digitally native tokens using public blockchain technology.
Societe Generale Forge plans to offer crypto assets structuring, issuing, exchange and custody services to clients by 2022.
Organisational restructure will see the closure of Societe Generale’s securities services offering to funds in the UK.
The new link is part of Clearstream’s wider strategy to link emerging and frontier markets to its international central securities depository (ICSD) structure.
Mixed fortunes for European custodians with a combination of double-digit revenue growth and some large declines during the first quarter.
Credit Suisse and Societe Generale have been confirmed as the first two banks to use the Paxos Settlement Service.