Société Générale Applies for $20M MakerDAO Loan Using Bond Token Collateral — CoinDesk

Société Générale Applies for $20M MakerDAO Loan Using Bond Token Collateral — CoinDesk

A flowchart included in the proposal shows six entities: SocGen; SocGen Forge; the MakerDAO protocol; The DIIS Group that will serve as a “security agent,” a requirement under French law to enforce the terms of the loan on the real-world side on Maker’s behalf; an as-yet unappointed MakerDAO legal representative; and an as-yet unnamed 3rd party that will facilitate exchanging the DAI loan to dollars, likely either a custodian service or a centralized exchange.

Originally Posted on: https://www.coindesk.com/business/2021/09/30/societe-generale-applies-for-20m-makerdao-loan-using-bond-token-collateral/
By: Andrew Thurman

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