Societe Generale Group, a leading French lender, has reportedly issued a $112 million bond via a security token offered on the Ethereum blockchain. The financial provider announced the development on Tuesday, April 23, noting that its subsidiary Societe Generale SFH issued the security token bond labeled OFH. The company’s OFH (obligations de financement de l’habitat) […]

Source link: France’s Societe Generale Issues First ‘Covered Bond’ Worth $112 Million Using The Ethereum Blockchain

Traditional automakers and large tech companies continue to acquire AV-tech startups as competition for key personnel, proprietary technology, and AV data increases. As the AV industry continues to consolidate, traditional auto makers and tech companies will need to continue to conduct thorough due diligence during the acquisition phase. Moreover, they will need to have policies and procedures in place to protect trade secrets and confidential information, while ensuring that any potential acquisition target has properly managed and protected its AV-related data.