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Business

Societe Generale's Crypto Division Forge Secures Registration With French Regulator

The French banking giant's crypto subsidiary is registered to offer buying, selling, trading and custody of digital assets as of Sept. 27.

By Jamie Crawley
AccessTimeIconOct 17, 2022 at 10:56 a.m. UTC
Updated Oct 17, 2022 at 1:38 p.m. UTC
CDCROP: Societe Generale (Shutterstock)

Societe Generale is now registered in France to offer digital-asset services. (Shutterstock)

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Jamie Crawley is a CoinDesk news reporter based in London.

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Societe Generale's crypto division SG Forge has won registration from France's Autorité des Marchés Financiers (AMF) for cryptocurrency custody and trading services.

The French banking giant's crypto subsidiary is registered to offer buying, selling, trading and custody of digital assets as of Sept. 27, according to AMF's website.

A number of crypto firms have won digital asset service provider registration in France in recent months, including prominent exchanges Binance, Crypto.com and Luno.

That the subsidiary of one of the country's largest financial institutions gained regulatory approval further highlights the momentum gathering behind mainstream acceptance of digital assets in France.

Read more: Societe Generale Introduces Services for Asset Managers Developing Crypto Funds

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Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

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Jamie Crawley is a CoinDesk news reporter based in London.

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