Societe Generale announced Monday that it issued its first green bond on the Ethereum blockchain. 

The transaction — which took place in late November — amounts to 10 million euros, or roughly $10.8 million, and has a maturity of three years. 

The tokenized bonds, France’s third largest bank wrote, will ensure “increased transparency and traceability as well as improved fluidity and speed in transactions and settlements.”

According to a press release, SocGen aims to enable more transparency on ESG by using the blockchain as a “data repository and certification tool for issuers and investors.”

The smart contract of the bond includes carbon footprint information, and is…

Read more on Blockworks