The crypto asset subsidiary of Societe Generale has reached the currently highest possible level of regulatory certification, becoming the first-ever digital asset service provider to be licensed by the French Financial Markets Authority.

The two companies and a third unnamed global tier 1 bank carried out the repurchase agreement transactions on Broadridge’s Distributed Ledger Repo platform. The functionality enhances the possibilities for intraday liquidity management.

SG-FORGE, the crypto-focused subsidiary of France’s Societe Generale, is launching its Euro-pegged stablecoin, EUR CoinVertible, on the Ethereum public blockchain.