Societe Generale’s FORGE picks METACO for digital asset custody operations
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Societe Generale’s FORGE picks METACO for digital asset custody operations 30 June 2022France Reporter: Jenna Lomax
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Societe Generale - FORGE (SG - FORGE), a subsidiary of Societe Generale, has selected digital asset management company METACO to orchestrate its digital asset custody operations.
The partnership will enable SG-FORGE to leverage METACO’s bank-grade digital asset custody and orchestration platform, Harmonize, to further expand its digital asset custody offering.
The mandate comes amid market digitalisation and the increasing use of blockchain technology, notably through the forthcoming implementation of the EU Pilot Regime, which will permit the processing of security tokens through market infrastructures in compatibility with applicable EU regulations.
Since 2019, Societe Generale and its subsidiary SG - FORGE have structured several native security tokens deployed on blockchain for their clients.
Commenting on the mandate, Jean-Marc Stenger, CEO of SG - FORGE, says: “Bridging the digital asset industry and traditional finance requires a multi-faceted approach incorporating institutional-grade technology, regulation, as well as industrial capacities.
“By partnering with METACO, SG-FORGE will be able to leverage their secure infrastructure to ensure that we have a solid foundation to grow our digital asset market activities.”
Adrien Treccani, CEO and founder of METACO, comments: “A leading innovator on digital securities, SG-FORGE is setting the standard for the asset class, providing a model for a fully regulated and integrated ecosystem across traditional and distributed ledger technology-based systems of finance.
“We are proud to partner with SG - FORGE and provide our industry-leading digital asset infrastructure to support the bank in its vision of bridging traditional and digital finance.”
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