Soc Gen Debuts Green Bond On ETH Blockchain
Société Générale, France’s third-largest bank, has issued its first digital green bond, registered on the Ethereum blockchain.
The 10 million euros bond, valued at €10 million, demonstrates the bank’s commitment to environmental sustainability and technological advancement.
The proceeds will be used to finance Eligible Green Activities (ESG) projects, aligning with the growing trend towards sustainable investment.
The bond’s digital infrastructure allows around-the-clock access to data on its carbon footprint, demonstrating Société Générale’s forward-thinking approach and providing transparency for issuers and investors.
(With inputs from Shikha Singh)
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