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Country: France

Société Générale subsidiaries specializing in cryptocurrencies

News

Forge, Societe Generale's crypto subsidiary, receives industry's first approval 20/07/2023

  • SG-Forge has become the first player in the cryptoasset sector to be approved as a digital asset service provider (DASP) by the Autorité des marchés financiers (AMF).
  • The company launched CoinVertible, a stablecoin backed by the euro on the Ethereum blockchain, in April.
  • To date, there are just under 90 digital service provider companies registered with the AMF.
  • The American crypto company FTX went bankrupt in November 2022. This event has led to a heightened awareness on the part of regulators worldwide, who are acting to better regulate and secure the cryptoasset sector.