The major French bank Société Générale has obtained a license for the custody, trading and sale of cryptocurrencies through its subsidiary Forge by the French tax authority secure by the end of September. It is the third largest bank in France in terms of market capitalization and one of the oldest commercial banks in the country.
The major bank has already shown its openness to the crypto scene in the past and has already made a few attempts in the direction of blockchain. The Paris bank issued tokenized assets in Luxembourg and, as a traditional financial institution, raised the first DeFi loan at Maker DAO for 30 million US dollars.