Recently, AXA Investment Managers (AXA IM) announced that it has completed its first real-time market transaction through a stablecoin issued by SG Forge, the digital asset arm of Société Générale. This innovative transaction marks an important step forward in the use of stablecoins in financial markets.
It is reported that in this transaction, AXA IM first purchased 5 million euros of Coinvertible stablecoin (EURCV). EURCV is a digital asset on the Ethereum public blockchain, pegged to the euro and designed to maintain the stability of the currency's value. By purchasing EURCV, AXA IM gets an efficient and secure way to pay.
Next, AXA IM will use the purchased EURCV to invest in green bonds issued by Société Générale in the form of "security tokens" on the Ethereum public blockchain. This green bond is a financial instrument issued by Société Générale to promote sustainable development and to achieve social and environmental benefits by investing in environmentally friendly projects.
The successful realization of this transaction not only demonstrates the practical application value of stablecoins in the financial market, but also provides a new investment method for financial institutions. By using stablecoins, AXA IM is able to complete transactions in the real-time market, greatly improving the efficiency and security of transactions.
In addition, the transaction highlights the potential of blockchain technology in the financial sector. The Ethereum public blockchain, as a platform for the issuance of EURCV and green bonds, provides a decentralized, transparent, and secure trading environment for financial institutions. This kind of financial innovation based on blockchain technology is expected to be more widely used and promoted in the future.
However, while this transaction demonstrates the potential of stablecoin and blockchain technology in financial markets, we should also recognize the risks and challenges involved. Issues such as the value stability, regulatory policies, and technical security of stablecoins still need to be continuously paid attention to and resolved.
In conclusion, Axa IM's first real-time market transaction using a stablecoin issued by Société Générale is a landmark innovation. It not only provides financial institutions with a new way to invest, but also demonstrates the application prospects of blockchain technology in the financial field. We look forward to more similar financial innovations in the future to drive the continued development of financial markets on a global scale." List of high-quality authors