A world first for Societe Generale: the admission of security tokens on the Luxembourg Stock Exchange
The Luxembourg Stock Exchange (LuxSE) and Societe Generale today marked the admission of the very first financial instruments registered on a public Distributed Ledger Technology (DLT) on LuxSE’s Securities Official List (LuxSE SOL).
The three series of security tokens admitted on LuxSE SOL are digital covered bonds (OFH Tokens) and structured products. Issued and deployed by Societe Generale’s digital assets arm, Societe Generale - FORGE (SG - FORGE), natively on the Ethereum and Tezos public blockchains respectively, these products are characterized as financial instruments and debt securities under French law and are compliant with the CAST1 open-source interoperability and securitization framework.
Read the Press release here.
Societe Generale is a pioneer in the DLT space, with innovation sitting at the heart of the group’s strategic priorities. Since April 2019, Societe Generale and its subsidiary SG - FORGE, dedicated to digital assets, structured several native security tokens issuances deployed on DLT for their clients. The last in time being the European Investment Bank’s (EIB) 100m€ digital bond issued in 2021.
1 Compliant architecture for security tokens - www.cast-framework.com