For the transaction, AXA IM first purchsed €5 million of CoinVertible stablecoins (EURCV), a digital asset deployed on the Ethereum public blockchain and pegged to euro. This was then used to invest in a green bond issued by Societe Generale in the form of ’security tokens’ on the Ethereum public blockchain. The green bond notably provides reporting on the carbon footprint impact of the security issuance chain infrastructure.Laurence Arnold, head of innovation and strategic initiatives, comments: “The aim of this initiative, carried out in collaboration with Societe Generale - Forge, was to enable us to experiment with the use of a stablecoin as a settlement asset to purchase a digital bond. Our ultimate objective is to optimise our existing processes by adopting the most advanced technologies, so we can offer the best possible services to our clients.”