Societe Generale – FORGE is a fully integrated subsidiary of Societe General Group, regulated as investment firm under EU MiFID2 regulation and as digital asset service provider under French law.
The company is an active member of the financial trade associations AMAFI and ICMA, a member of the board of the digital asset association ADAN, and member of the digital asset working groups of the AFME and Paris Europlace.
We provide issuers and investors, either Corporates or Financial Institutions, with end-to-end services to issue and manage digital-native financial products registered on the blockchain (Security Token).
For market infrastructure operators we build open, simple, secure and institutional-grade frameworks and models for Security Token operations, underpinned by banking class security and full regulatory compliance. Committed to launching with real use cases, Societe Generale – FORGE is progressively building its ‘compliant by design’ platform capabilities.
In 1986, Societe Generale created a team of 5 dedicated to Options within its foreign exchange & treasury department, with FRF 10 billion in assets. Answering requests from corporate clients, small local businesses as well as major exporters, Societe Generale proposed innovative products to mitigate their currency risks.
In 1987, Societe Generale started to propose and execute derivatives trades on precious metals. The offer started with gold and grew to include agricultural commodities and then energy from 1989.
Societe Generale was involved from the earliest days of the warrants business, launching its first warrant on Paris-based communications company Alcatel in October 1989. Warrants are intended for investment and hedging purposes. Legally treated as securities, they are listed on regulated markets and easily accessible to institutional & retail clients.
In 1998, Societe Generale created Lyxor Asset Management, an Asset Manager which offers customized investment management services. The same year, Lyxor launched its 1st Managed Account Alternative. A managed account is owned by an individual investor but managed by a third party.
In 2001, Lyxor launched its 1st Exchange Traded Fund (ETF) in the Paris Stock Exchange. ETFs are funds that replicate the performance of a stock market index or a basket of products. With a single ETF investors have access to all the components of the related index or basket.
Societe Generale launched the Societe Generale Index (SGI) platform in 2007 giving access to indices created as early as 2005. SGI offers a range of proprietary indices developed by the bank which are calculated and maintained by third-party calculation agents, such as Standard and Poor’s, Dow Jones, etc.
In 2014, Societe Generale helped a German corporate issue its 1st non-dilutive convertible bond allowing the company to raise €500m without diluting its existing shareholders. Societe Generale was a forerunner in Europe in proposing non-dilutive convertible bond combining a convertible bond with a separate concurrent hedge whereby the company purchases from Societe Generale mirroring options on its own shares to remove entirely the potential dilution.
Societe Generale – FORGE began as one of the 60 internal startups launched via Societe Generale’s worldwide intrapreneurial programme, experimenting disruptive business solutions using blockchain technology to develop new digital capital market activities.
Societe Generale SFH, the covered bond vehicle of Societe Generale, issued €40 million of covered bonds (“obligations de financement de l’habitat” or “OFH”)) as security tokens directly registered on a public blockchain. Rated Aaa by Moody’s and AAA by Fitch, these OFH Tokens were fully subscribed by Societe Generale which simultaneously paid the issuer in a digital form of euros issued by Banque de France through a blockchain platform.
Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth.
Committed to the positive transformations of the world’s societies and economies, Societe Generale and its teams seek to build, day after day, together with its clients, a better and sustainable future through responsible and innovative financial solutions.
Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 138,000 members of staff in 62 countries and supports on a daily basis 29 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions.
Societe Generale is included in the principal socially responsible investment indices: DJSI (World and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (World, Europe and Eurozone), four of the STOXX ESG Leaders indices, and the MSCI Low Carbon Leaders Index.
For more information, you can follow us on Twitter @societegenerale or visit our website www.societegenerale.com
The Group is built on three complementary core businesses: