Ethereum Global Settlement Layer: Société Générale Submits Maker DAO Proposal

Third largest French multinational bank and financial services provider Société Générale or SocGen submitted a $20M Maker DAO proposal on Sep 30, again reinforcing Ethereum role as the global settlement layer. The collateral on-boarding application sent to Maker DAO decentralized governance titled [Security Tokens Refinancing] MIP6 Application for OFH Tokens relates to security token refinancing.