Societe Generale Picks ConsenSys for CBDC Guidance

Societe Generale Picks ConsenSys for CBDC Guidance

By Abhimanyu Krishnan | News | 29 Oct 2020


French multinational investment bank Societe Generale selected ConsenSys for guidance on its Central Bank Digital Currency (CBDC) initiative, according to a press release issued on October 28.

  • Societe Generale - Forge, the bank’s CBDC pilot program, will collaborate with ConsenSys to help flesh out the underlying technology and services
  • Specifically, ConsenSys will work on CBDC issuance and management, delivery versus payment, and cross-ledger interoperability 
  • The bank has been testing a digital euro experiment, recently issuing a 40 million Euro bond with Banque de France that was settled with the CBDC
  • ConsenSys will bring its expertise to future pilots with the digital euro initiative

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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