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

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

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A flowchart included within the proposal exhibits six entities: SocGen; SocGen Forge; the MakerDAO protocol; The DIIS Group that may function a “security agent,” a requirement below French regulation to implement the phrases of the mortgage on the real-world facet on Maker’s behalf; an as-yet unappointed MakerDAO authorized consultant; and an as-yet unnamed third get together that may facilitate exchanging the DAI mortgage to {dollars}, seemingly both a custodian service or a centralized change.

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