AXA Investment Managers has completed its first real-time market transaction using a stablecoin issued by Societe Generale's digital asset department, SG Forge. In this transaction, AXA IM first purchased 5 million euros worth of the CoinVertible stablecoin (EURCV), which is a digital asset deployed on the Ethereum public blockchain and pegged to the euro. It was then used to invest in green bonds issued by Societe Generale on the Ethereum public blockchain in the form of "security tokens".
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AXA IM completes first market transaction using Societe Generale stablecoin
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