Offering a unique client experience
Modernising our offer thanks to blockchain technology
Pooling our expertise on digital assets
With the development of finance on decentralised infrastructure, for example on blockchain issues, new needs have surfaced. Crédit Agricole CIB is committed to providing its clients with innovative services to meet these needs and best serve their interests. With this in mind, the Large Clients division, which includes Crédit Agricole CIB, CACEIS and Indosuez Wealth Management, has formed the Digital Assets Group (DAG). DAG is a group of experts from Crédit Agricole CIB and CACEIS’ Innovation and Digital Transformation teams. Its goal is to pool the strengths and expertise of both entities within a single group to address all issues linked to the emerging “digital assets” market.
A platform for bonds based on blockchain technology
In March 2023, Crédit Agricole CIB and SEB - a leading financial services group in Northern Europe - jointly launched an “open and sustainable” platform for bonds built on blockchain technology. Called so|bond, this platform will allow market participants to issue digital bonds on a blockchain network. This technology is aimed at improving efficiency of use and synchronising data in real time between participants. For the first time in the capital markets, So|bond also includes a new blockchain technology operating according to a new protocol that encourages participants to minimise their environmental footprint: “Proof of Climate Awareness”. It will contribute not only to the development of the emerging digital assets market but also to Crédit Agricole CIB’s strong commitment to green and sustainable finance which is at the heart of the Group’s Corporate Social Responsibility Project.
“So|bond innovates by removing the obligation to go through a central player for the delivery of securities in order to foster bilateral relations between the issuer and the banks that will place the securities, and between custodians.”