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Societe Generale proposes historic $20M DAI loan in exchange for bond tokens By Cointelegraph

by Mike Robinson

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© Reuters.

One of France’s leading banks has turned to decentralized finance pioneer MakerDAO to propose the submission of bond tokens as collateral for a loan of the DAI stablecoin.

The historic proposal called “Security Tokens Refinancing” was submitted to Maker’s governance forums by the international bank on Oct. 1. The collaboration would have been the largest between a DeFi protocol bank and traditional bank, and it could lead to closer integration.

Source: forum.makerdao.com

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