The French multinational investment bank and financial services company, Society General, decentralized money (DFI) protocol Macardao has also offered benefits. The proposal, called “Security Token Refinancing”, was published on McCardao’s forum on October 1 and was intended to be used to refinance DAI Stablecoin with a wrapped bond concept.
Society proposes refinancing bond tokens to General McCardao and DAI stablecoins
The International Monetary Fund’s digital currency division has submitted a proposal to Makardao’s Governance Forum (MIP application) and the bank wants to refinance a bond token. The “covered bond token”, as it is called, was issued in the Ethereum blockchain last year. The proposal is in favor of “European Investment Agency Society General-Forge (SG-Forge)”, MIP6 application note.
The bank’s digital currency division explains, “This re-scheduled transaction test is consistent with innovative processes and solutions developed by SG-Forge.” “This experiment combines traditional thrifty capital market activities with the emerging and growing ecosystem of decentralized financing.” The Society General summarizes the proposal:
“OFH Token”: OFH tokens are identified as bonds under French law backed by a home loan and are a special credit institution issued by the Society General SFH (SG SFH) in the Society de Financiment de light etherium public blockchain or security blockchain. Accommodation has been distributed by (further described below).
McRae’s Rune Christensen: The organization’s post-foundation model is proving more measurable
On Friday, Macardao founder Run Christensen explained how the International Bank of France proposed the use of the protocol. “France’s third-largest bank, Societe Generale, has just made a parallel onboarding application to Maker for 20 million,” Christensen said. “Supported by EUR bonds, suggested by their blockchain facilitator.”
Christensen added, “It turns out this was the future of France.” “I was surprised that I had no idea about this the whole time. This is one of them [the] Recent multiple examples in Maker Governance show how the organization’s post-foundation model is proving to be more scalable.
What do you think about the use of Macardao and DAI tokens by Socrates General’s digital currency division to refinance a bond token? Let us know what you think about this in the comments section below.
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