Societe Generale Completes Trades on Blockchain Platform
The French bank's securities services arm successfully tests a full trade cycle with OFI Asset Management on a blockchain platform
The initiative was launched in 2017, when the two firms collaborated with the blockchain firm Setl, in an effort to see whether the use of distributed-ledger technology can fully function on top of the bank’s legacy IT and whether transactions can be completed without interruption.
Damien Jamet, head of innovation, motion and programs at Societe Generale Securities Services (SGSS), tells WatersTechnology that the two firms wanted to test the end-to-end solution in an agile way and see whether
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