Societe Generale launches custody services

Societe Generale launches custody services

According to a new press release released Wednesday, Société Générale, one of Europe’s largest investment banks, is offering crypto asset management services through its Security Services subsidiary. will expand told. Clients who are digital asset fund managers can now choose Société Générale as their fund manager, expert witness and debt manager. These tools are designed to make it easier for institutional investors to add cryptocurrencies to their portfolios.

The firm’s latest client is Arquant Capital SAS, a licensed asset management company in France that owns two euro-denominated digital asset products in Bitcoin (BTC), Ether (ETH) and other derivatives. David Abitbol, ​​director of Societe Generale Securities Services, said:

“By combining Societe Generale’s innovation expertise with Arquant Capital’s technical skills, we make it easy for SGSS asset managers to meet their needs to expand their operations.”

Eron Angjele, CEO of Arquant Capital, said the following about the development:

“This solution provides Arquant Capital with an innovative structure that allows us to scale our services and focus on creating value for our customers.”

Société Générale Security Services is among the top 10 worldwide in this field, as well as the three largest custodial services companies in Europe. The firm also has over $4.277 trillion in assets, providing collateral services for 3,312 funds and valuation services for 4,426 funds.

Société Générale has published proposed DAI stablecoin loans in exchange for euro bonds and bond tokens on the Ethereum blockchain. The firm, one of the financial giants currently partnering with the European Central Bank to develop a digital euro, also has a security token on the Tezos blockchain.

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