Societe Generale will create markets for 21Shares Bitcoin and Ether ETPs.
Societe Generale Partners with 21Shares for Crypto ETP Liquidity Societe Generale, ranked as the 19th largest banking group globally by assets, is teaming up with 21Shares, a cryptocurrency asset management firm, to enhance liquidity for crypto-based exchange-traded products (ETPs) in Europe. Through this collaboration, Societe Generale will offer liquidity and market services specifically targeting German […]
Societe Generale Introduces Dollar-Pegged Stablecoin in a Industry First
France’s Société Générale is set to launch a stablecoin through its digital asset branch, SG-Forge, called USD Coinververible (USDCV). This announcement, made on June 10, reveals that USDCV will operate on the Ethereum and Solana blockchains, with the Bank of New York Mellon as a custodian for the asset. With this introduction, Société Générale will […]
Societe Generale posts sharp profit drop as net banking income slides – CNBC
Thursday’s results showed France’s third-largest listed bank had a full-year net profit of 2.49 billion euros, slightly above the 2.15 billion euros expected by analysts. However, net banking income for the quarter fell 9.9% year-on-year to €5.96 billion, which the bank attributed mainly to lower net interest income in its French retail and private banking […]