Societe Generale (SocGen) has announced it conducted a blockchain-based repurchase agreement (repo) with the Banque de France, marking a first for on-chain repo transactions with a euro-zone central bank. This transaction saw SocGen's digital assets-focused subsidiary, SG-Forge, utilize bonds issued in 2020 on the Ethereum blockchain as collateral to receive central bank digital currency (CBDC) issued by the Banque de France on its DL3S blockchain. The transaction highlights the technical feasibility of interbank refinancing operations directly on blockchain technology and showcases the potential for CBDCs to enhance liquidity for digital financial securities.
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