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SocGen partners ConsenSys on CBDC experiments

SocGen partners ConsenSys on CBDC experiments

Societe Generale has brought in ConsenSys to provide technology and services for its Central Bank Digital Currency (CBDC) pilot work.

SocGen - Forge digital capital markets platform has been working with Banque de France on CBDC experiments, recently issuing a EUR40 million bond that was settled with a digital euro.

The French bank has enlisted specialist ConsenSys to help with further pilots, focussing in particular on CBDC issuance and management, delivery versus payment, and cross-ledger interoperability.

Jean-Marc Stenger, CEO, SocGen - Forge, says: "We are pleased to partner with ConsenSys, a company who is a key player in the development of distributed ledger technology globally and offers many of the infrastructure and development tools used by the blockchain community."

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