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Security Token Market

Societe Generale - 10M EUR Token

SOCGEN10M

Price
$1 USD (0%)
24h Volume
0
Market Cap
$10,800,000
Last Trade
March 31, 2024
Last Trade
March 31, 2024
Societe Generale - 10M EUR logo

SOCGEN10M Market Cap & Volume

Source: STM.co

Financial Services Trading Fixed Income International Accredited

Trading History

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Terms

Fundraise Information

Total Raise $10,800,000 USD
Soft Cap -
Raise Status Closed
Minimum Investment -
Accepted Investors International Accredited
Exemptions N/A
Instrument Green Bond
Token Issuance Info Institutional Transaction

Token Information

Price Per (SOCGEN10M) $1 USD (0%)
Token Issuance Platform Societe Generale - FORGE
Blockchains Available On Ethereum
Security Type Fixed Income
Asset Class Debt
Payment Options Other

Token Rights

N/A

About

Overview

On 30 November 2023, Societe Generale issued its first digital green bond as a Security Token directly registered by SG-FORGE on the Ethereum public blockchain with increased transparency and traceability on ESG data. Security tokens have been fully subscribed by two top tier institutional investors, AXA Investment Managers and Generali Investments, through a private placement.

Issuer(s): Societe Generale
Date: 11/30/2023
Country/Jurisdiction: France
Size (Native Currency): 10M Euros
Size (USD): $10.8M
Seniority: Senior Preferred Unsecured
Length: 3 Years
Interest Rate: N/A

An amount equivalent to the net proceeds of this bond will be exclusively used to finance or refinance Eligible Green Activities, as defined in the Sustainable and Positive Impact Bond framework of Societe Generale.

Highlights

This listing is for informational purposes only, highlighting the issuance information. Trading data is currently unavailable

Click Here for Press Release

This is also a first step towards using blockchain as a data repository and certification tool for issuers and investors to foster transparency on ESG and impact data on a global scale.

This digital green bond issue includes two key innovations which will be developed further:
- Information on the carbon footprint linked to the digital bond infrastructure is available 24/7 in open access directly in the bond's smart contract.
This enables issuers and investors to measure the carbon emissions of their securities on the financial infrastructure. This innovation is a new service granted by SG-FORGE and follows the publication of its first full lifecycle carbon footprint report on Security Tokens.

- A new option opened to investors to settle securities on-chain through the EUR CoinVertible, the digital asset issued by SG-FORGE in April 2023, complementing traditional cash settlement solutions. While Central Bank Digital Currencies (CBDC) solutions are being experimented, this panel of settlement methods demonstrates the large capabilities of SG-FORGE in providing full spectrum of on-chain services.