March 29, 2024

ConSensys started cooperation with Banque de France

Ethereum software company ConsenSys has completed its sixth central bank digital currency project. 28In October, the blockchain organization announced that it will partner with Société Générale Forge to experiment with the digital euro.

Société Générale Forge is a digital platformcapital markets of the large financial services group Société Générale Group. In the spring of 2019, SG Forge was already involved in a € 100 million bond issue as a security token on the Ethereum blockchain. She specializes in creating institutional-grade models for regulated transactions with security tokens registered on the blockchain.

Along with Accenture, Euroclear, HSBC and others, SGForge is one of the key partners selected by Banque de France for its experimental development with digital central bank money. Banque de France, Societe Generale SFH and SG Forge issued a € 40 million tokenized bond with settlements using CBDC as a pilot project in May this year.

As part of his work with SG Forge ConsenSyswill lend its technology and expertise to collaboratively experiment with issuing and managing CBDCs, shipping and paying, and inter-ledger interactions.

Ahead of the SG Forge project, ConsenSysannounced that it has won a contract to manage the second phase of the Ithanon-Lionrock project, a CBDC cross-border payments network between Thailand and Hong Kong.

ConsenSys has also participated in the development of the CBDC for the Ubin Project of the Central Bank of Singapore and the Khokha Project of the South African Central Bank.

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