Tokenized The Institutionalization of Solana
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Oct 21, 2024 In this discussion, Guillaume Chatain, Chief Revenue Officer at Société Générale - FORGE, shares insights on tokenizing securities and the potential of stablecoins. Nick DeCoff, Head of Institutional Growth at The Solana Foundation, highlights Solana's dramatic growth in institutional adoption and its role in reshaping finance. They explore the shift towards public blockchains, the rise of instant transactions, and the future of stablecoins as key players in B2B payments. Expect fascinating insights into the intersection of traditional finance and innovative blockchain technology!
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Solana's Institutional Growth
- Solana's institutional adoption is growing, driven by the blockchain's technology, improving tools, and expanding economy.
- The platform's Total Value Locked (TVL) has increased substantially, attracting financial institutions.
Societe Generale Forge's Journey
- Societe Generale Forge initially operated independently to navigate regulatory hurdles around tokenizing securities on Ethereum.
- They later became a subsidiary and tokenized the first European Investment Bank bond, demonstrating leadership in the space.
EuroCV Stablecoin Use Cases
- Societe Generale Forge's EuroCV stablecoin has multiple applications, including settlement, lifecycle management, and corporate treasury solutions.
- It also facilitates on/off-ramps for crypto and can be utilized as collateral in DeFi.