AXA IM Completes First Market Transaction on Blockchain

AXA Investment Managers (AXA IM), in collaboration with Société Générale-Forge, announces that it has completed its first market transaction based on blockchain infrastructure.

Through its Fixed Income platform, AXA IM has purchased from Société Générale €3 million of “unsecured” bonds issued by the European Investment Bank (EIB) in the form of “security tokens” on the public blockchain Ethereum, on behalf of AXA France.

We are pleased to have completed our first market transaction based on #blockchain infrastructure, in collaboration with Société Générale-Forge. Read our press release for more ➡ https://t.co/Lta3haqqwP pic.twitter.com/am00SZdaUI

— AXA IM (@AXAIM) December 9, 2021

Laurence Arnold, Head of Innovation Management and Strategic Initiatives at AXA IM, commented: “Blockchain can have a disruptive power for asset management processes, as part/or the entire asset management value chain could benefit from this technology over the long term. We believe this could improve the customer experience by accelerating the treatment of financial transactions and facilitating the exchange and storage of data.

This transaction is part of our innovation journey as we are keen to carry out tests in our changing ecosystem, discovering new techniques, new markets with the desire to serve and share our knowledge with our clients.”

Source: AXA IM