Société Générale Offers Historic $ 20 Million DAI Loan In Exchange For Bond Tokens By Cointelegraph
One of the main French banks turned to decentralized finance pioneer MakerDAO to offer bond token submission as collateral for a loan from DAI stablecoin.
The landmark proposal, titled “Security Tokens Refinancing,” was submitted to Maker’s governance forums by the international bank on Friday. It would be the first major collaboration between a traditional bank and a DeFi protocol, and could open the door to closer integration between the two sectors.
Continue reading on Coin Telegraph
Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.