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Finance

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 May 9, 2023 at 3:59 a.m. UTC
Societe Generale is now registered in France to offer digital-asset services. (Shutterstock)
Societe Generale is now registered in France to offer digital-asset services. (Shutterstock)

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.

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    • 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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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter