Societe Generale-Forge, a subsidiary of France’s third-largest bank, has obtained registration with the Autorité des marchés financiers (AMF), the French financial markets regulator, as a digital asset service provider.
Contenido
Societe Generale’s Subsidiary Registers as Digital Asset Service Provider
The digital asset subsidiary of Societe General Group, Societe Generale-Forge, is now registered with France’s financial regulator, the Autorité des marchés financiers (AMF). Societe Generale is France’s third-largest bank by total assets.
According to the AMF’s list of registered Digital Asset Service Providers (DASPs), Societe Generale-Forge obtained registration on Sept. 27. The company is now authorized to offer digital asset custody service, the purchase and sale of digital assets for legal tender, and the trading of digital assets against other digital assets in France.
Societe Generale-Forge provides issuers and investors with end-to-end services to issue, invest and manage digital-native security tokens registered on public blockchains, its website describes, elaborando:
Societe Generale is now offering a range of capital market products to institutional clients under a native security token format on Ethereum and Tezos with full banking level safety and regulatory compliance.
Last month, Societe Generale Securities Services (SGSS) announced that it has begun offering new services for asset management companies wishing to develop innovative professional funds based on cryptocurrencies.
In June, Societe Generale-Forge partnered with Metaco, a provider of digital asset management technology and infrastructure, “to orchestrate its digital asset custody operations.”
“Security tokens allow for a fully digital issuance process and lifecycle,” the bank detailed, agregando:
Due to their innovative characteristics, they have the potential to significantly improve efficiency, speed and transparency in financial markets and make transactions safer and more resilient — all while offering benefits similar to those of financial instruments issued in a conventional way.
What do you think about Societe Generale-Forge obtaining registration with France’s financial regulator as a digital asset service provider? Háganos saber en la sección de comentarios.
Créditos de imagen: Shutterstock, pixabay, Wiki Commons
Descargo de responsabilidad: Este artículo es solo para fines informativos.. No es una oferta directa o solicitud de una oferta para comprar o vender, o una recomendación o respaldo de cualquier producto, servicios, o empresas. Bitcoin-Tidings.com no proporciona inversión, impuesto, legal, o asesoramiento contable. Ni la empresa ni el autor son responsables, directa o indirectamente, por cualquier daño o pérdida causado o presuntamente causado por o en relación con el uso o la confianza en cualquier contenido, bienes o servicios mencionados en este artículo.
Leer Descargo de responsabilidad