Societe Generale Offers Historic $ 20 Million DAI Loan In Exchange For Bond Tokens By Cointelegraph


© Reuters.

One of the main French banks turned to the pioneer of decentralized finance MakerDAO to offer the submission of bond tokens as collateral for a loan from DAI stablecoin.

The landmark proposal titled “Security Token Refinancing” was submitted to Maker Governance Forums by the International Bank on October 1. 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.


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