• Societe Generale ConsenSys digital euro

    Société Générale, ConsenSys partner on digital euro testing

    The Société Générale – Forge division took part in a $44 million covered bond issue with Bank de France this spring

    Brooklyn-based ConsenSys announced on Oct. 28 that it has been selected to provide technology and services for Société Générale – Forge’s digital euro pilot. It will focus on central bank digital currency (CBDC)issuance and management, delivery versus payment, and cross-ledger interoperability.

  • Bahamas france CBDC
    Cryptocurrencies,  Politics

    Bahamas launches digital currency as France tests a Tezos-based CBDC

    It’s a big day for state-backed digital currencies as the two countries announced major developments

    The Bahamas plans to roll out its digital currency, the sand dollar, next month. Meanwhile, banking giant Société Général chose Tezos to test France's central bank digital currency

  • French test digital euro
    Cryptocurrencies,  Politics

    France successfully tests digital euro

    Further experiments are set to take place in the coming weeks, Banque de France said, as the global race to launch a central bank digital currency heats up

    In Banque de France’s experiment on May 14, a blockchain developed by its team was used to settle an issue of digital securities by Société Générale. Covered bonds worth $44 million were issued as security tokens directly registered on a public blockchain.

  • A pump jack in a canola field (via Shutterstock)

    With Vakt investment, five of the biggest energy companies bet on blockchain

    The oil and gas industry is embracing blockchain technology for everything from tracking products to financing sales

    With the announcement on Jan. 16 that three major oil and gas firms including Chevron, Total, and Reliance Industries have joined Vakt, the energy-industry enterprise blockchain company now has five of the 10 largest oil firms by market capitalization on board.