Societe Generale, one of France's leading banks, issued €10 million ($10.8 million) worth of tokenized bonds on Ethereum. These derivatives were acquired by AXA Investment Managers and Generali Investments for private placement.

These securities are senior unsecured privileged bonds with a three-year term. The bank plans to allocate the funds raised from the bond issuance to environmental projects.

The purchasers of the bonds from Societe Generale were AXA Investment Managers and Generali Investments, with the bank's cryptocurrency division, SG Forge, overseeing the issuance.

The bank highlighted the advantages of bond tokenization: accelerated settlements, high transparency and traceability, and accessibility for investors.

A unique feature of these bonds is the ability for holders to continuously monitor information about their carbon footprint. Transactions for these derivatives will also be conducted using the EURCV stablecoins.