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Samsung Tokens, Societe Generale Bonds, Nasdaq Contract

04/25/2019
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  • blockchain_bank
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Samsung is working on creating its own cryptocurrency, Societe Generale Bank has issued bonds on the blockchain. Exchange Nasdaq and the new bitcoin index.

Samsung may release its token

An unofficial source reports that Samsung is working to create its own blockchain on the Ethereum platform. And there is a high probability that the giant from South Korea will release its own token at its base. The project is at the experimental stage, but the first details have already become known.

At the initial stage it will be a closed token for internal circulation. Subsequently, Samsung Coin will become open, and it can be integrated into the Samsung Pay application. The company pays special attention to the blockchain technology, wallets for storing cryptocurrencies will appear in the new models of its phones. It is already known that four types of coins can be used in them.

Samsung may release its token

Societe Generale Group launches bonds based on Ethereum

French banking giant Societe Generale issued securities based on the blockchain. They became bonds totaling $ 112 million. This is a pilot project that was launched without the involvement of outside investors. The token called OFH was used for settlements with a subsidiary of Societe Generale SFH.

PwC was involved in the development of technological support, and Gide Loyrette Nouel provided legal support. From the point of view of the law, the new security is no different from traditional bonds. It is issued for a five-year term, with the possibility of prolongation. And fully protects the rights of investors in bankruptcy. However, the use of blockchain technologies can significantly save money, getting rid of a long chain of intermediaries.

Societe Generale Group launches bonds based on Ethereum

New cryptocurrency asset on the Nasdaq exchange

The new CXERX tool appeared on the Nasdaq exchange, which turned out to be associated with Bitcoin. The administration of the trading platform did not announce the release of this product, and its appearance was discovered almost by accident. Apparently, this financial asset is being tested now.

The graph of activity on CXERX talks about his appearance on April 10th. It is difficult to talk about the specification of this tool. It is only known that the cost is tied to the Bitcoin rate. However, Nasdaq already has Bitcoin futures, which are very popular. In addition, you can work with Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX) indices. In total, the site offers more than 40,000 different stock market indices.

New cryptocurrency asset on the Nasdaq exchange

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