Major French Bank Taps ConsenSys to Develop Digital Currency

Ethereum software company ConsenSys will be working on the technology that may power France’s state-issued digital currency.

In brief

• Societe Generale - Forge has chosen ConsenSys to provide "technology and expertise" on central bank digital currency issuance.
• The investment bank is one of eight firms commissioned by the French central bank to experiment with a CBDC.
• France is steaming ahead with plans for a CBDC that addresses interbank settlement.

Societe Generale - Forge, a subsidiary of European investment bank Societe Generale, has chosen Ethereum software incubator ConsenSys to provide it with “technology and expertise” related to the issuance of a central bank digital currency.

After taking part in a test of a digital euro in May, Societe Generale - Forge was named by the Banque de France as one of eight potential partners for a CBDC in July. The French central bank, which represents the second-largest economy in the European Union, is one of the first in Europe to experiment with a CBDC for interbank settlement.