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French bank Société Générale Applies for $30 Million Loan from Maker DAO

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by COINS NEWS 103 Views

tldr; Société Générale FORGE, the department for digital assets of the French bank, has submitted a proposal to borrow 30 million DAI from Maker DAO and deposit the OHF tokens it has issued as collateral. This is a milestone in the merging of classic financial institutions with blockchains. The DAO is the first functioning Decentralized Autonomous Organization.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.


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