FORGE

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tldr; Societe Generale's subsidiary, FORGE, has launched EUR CoinVertible (EURCV), a stablecoin tied to the Euro on the Ethereum blockchain. This stablecoin aims to provide stability and safety in the volatile world of digital assets and is backed by cash deposits and cash equivalents denominated in EUR. It is the first Euro stablecoin to have the backing of a major regulated European bank. The launch follows Societe Generale's first bond issuance on the public blockchain Ethereum. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Societe Generale's cryptocurrency division, SG-FORGE, has obtained a cryptocurrency regulatory license in France, making it the first institution to do so. The license allows SG-FORGE to operate as a regulated digital asset service provider (DASP) in the country. The subsidiary received regulatory approval from France's financial markets watchdog, Autorité des Marchés Financiers (AMF), on July 18. With the license, SG-FORGE can offer trading and custody of digital assets, as well as buying and selling of crypto for legal tender. This development is seen as an important step for the development of Euro CoinVertible (EURCV), a euro stablecoin launched by SG-FORGE in April. The license approval solidifies Societe Generale-FORGE's pioneering role in the crypto assets ecosystem. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; Société Générale FORGE, the department for digital assets of the French bank, has submitted a proposal to borrow 30 million DAI from Maker DAO and deposit the OHF tokens it has issued as collateral. This is a milestone in the merging of classic financial institutions with blockchains. The DAO is the first functioning Decentralized Autonomous Organization. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*