Societe Generale issues its first green bond on Ethereum

The third-largest bank in France, Societe Generale, reported issuing its first digital green bond as a Security Token on the Ethereum public blockchain. The bond, registered by Forge, a subsidiary of Société Générale, went public on Nov. 30. 

The bond has a value of 10 million euros (around $11 million) and a maturity of three years. Its “green” status means that the net proceeds of this bond will be used to finance or refinance products and companies classified under the Eligible Green Activities (ESG) category.

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The digital infrastructure of the bond grants 24/7 open access to the data on its carbon…

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