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SG-FORCE, a subsidiary of Societe Generale (SG), a French multinational investment bank, has partnered with METACO, a Swiss-based fintech company, to strengthen the organization’s digital asset market activities.
Metaco publication Developed on Thursday on that website.
The Swiss company provides digital asset management technology and infrastructure to financial and non-financial institutions.
METACO also helps businesses issue, invest, and manage digital native security tokens created on the public blockchain.
SG-FORGE said the collaboration will enable it to lead efforts to integrate security tokens into traditional finance.
A security token is a physical or digital device that uses two-factor authentication (2FA) to determine the originality of a user’s identity during the login process.
“Since 2019, Societe Generale and its subsidiary SG-FORGE have been deployed on the blockchain for clients, including the European Investment Bank (EIB)’s 100 million digital bond issued in 2021. We have built the issuance of native security tokens, “SGFORCE said in a statement.
The French subsidiary will also further expand its digital asset market offering with the support of METACO’s bank-grade digital asset management and orchestration platform, Harmonize.
METACO explained that Harmonize will enable financial institutions to connect to the world of decentralized finance.
In addition, the platform will enhance activities such as cryptocurrency storage and trading, staking, tokenization and smart contract management, Swiss technology and infrastructure providers say.
Jean-Marc Stenger, CEO of SG-FORGE, said SG seeks to build a “solid foundation” for digital asset activity through partnerships.
Stenger said METACO’s secure infrastructure makes it possible.
To bridge the digital asset industry with traditional finance, we need a multi-faceted approach that incorporates technology, regulation, and industrial capabilities for institutional investors, Stenger explained.
Adrien Trekkani, CEO and co-founder of METACO, said the Swiss company is proud to work with SG-FORGE to provide the infrastructure to support the bank’s vision.
In addition, Alexander Fleury, co-head of Societe Generale’s global market activities, said the partnership demonstrates SG’s ability to “implement truly innovative technologies in stages.” ..
Earlier this year, SG launched a new acceleration program for start-ups to improve customer experience services in the transaction banking sector.
Meanwhile, in June 2021, Societe Generale worked with cloud-based financial and IT solution provider Kyriba to launch a new financial management solution.
SG-FORCE, a subsidiary of Societe Generale (SG), a French multinational investment bank, has partnered with METACO, a Swiss-based fintech company, to strengthen the organization’s digital asset market activities.
Metaco publication Developed on Thursday on that website.
The Swiss company provides digital asset management technology and infrastructure to financial and non-financial institutions.
METACO also helps businesses issue, invest, and manage digital native security tokens created on the public blockchain.
SG-FORGE said the collaboration will enable it to lead efforts to integrate security tokens into traditional finance.
A security token is a physical or digital device that uses two-factor authentication (2FA) to determine the originality of a user’s identity during the login process.
“Since 2019, Societe Generale and its subsidiary SG-FORGE have been deployed on the blockchain for clients, including the European Investment Bank (EIB)’s 100 million digital bond issued in 2021. We have built the issuance of native security tokens, “SGFORCE said in a statement.
The French subsidiary will also further expand its digital asset market offering with the support of METACO’s bank-grade digital asset management and orchestration platform, Harmonize.
METACO explained that Harmonize will enable financial institutions to connect to the world of decentralized finance.
In addition, the platform will enhance activities such as cryptocurrency storage and trading, staking, tokenization and smart contract management, Swiss technology and infrastructure providers say.
Jean-Marc Stenger, CEO of SG-FORGE, said SG seeks to build a “solid foundation” for digital asset activity through partnerships.
Stenger said METACO’s secure infrastructure makes it possible.
To bridge the digital asset industry with traditional finance, we need a multi-faceted approach that incorporates technology, regulation, and industrial capabilities for institutional investors, Stenger explained.
Adrien Trekkani, CEO and co-founder of METACO, said the Swiss company is proud to work with SG-FORGE to provide the infrastructure to support the bank’s vision.
In addition, Alexander Fleury, co-head of Societe Generale’s global market activities, said the partnership demonstrates SG’s ability to “implement truly innovative technologies in stages.” ..
Earlier this year, SG launched a new acceleration program for start-ups to improve customer experience services in the transaction banking sector.
Meanwhile, in June 2021, Societe Generale worked with cloud-based financial and IT solution provider Kyriba to launch a new financial management solution.
