<h2>A French international investment bank has expanded its crypto asset management services</h2>Societe Generale is involved in testing the digital euro together with the European Central Bank. The French institution went a step further by expanding the portfolio of digital asset management services. This bank announced the launch of a trust for cryptocurrency fund managers.<h2>Societe Generale expands digital currency services with new trustee and appraiser offerings</h2>A well-known French investment bank intends to expand its digital currency services in the near future using one of its subsidiaries - Security Services. Customers of this company who are managers in cryptocurrency funds will soon be able to choose this institution as a trustee or appraiser.The newly launched IT tools aim to facilitate the addition of virtual currencies to institutional investors' portfolios. Societe Generale's newest client is a licensed asset management company in France that offers two EUR-denominated digital products - <a target="" rel="noopener noreferrer nofollow" href="https://tytanid.com/blog/how-are-bitcoin-and-ethereum-different/">Bitcoin (BTC) and Ether (ETH)</a>, as well as derivatives."By combining the experience of a prestigious institution such as Societe Generale in the field of innovation with the technical skills of Arquant Capital, we are expanding the capabilities of SGSS to meet the needs of diversifying asset managers," emphasized David Abitbol (director of Societe Generale Securities Services).Societe Generale Security Services is currently in the TOP 10 largest trustees in the world and TOP 3 largest institutions of this type in Europe. The bank provides fiduciary services to 3,312 funds. It has 22 locations around the globe and the value of its assets at the time of writing this article exceeds $ 4.2 trillion.<h3>Previous experience with blockchain technology</h3>Societe Generale is one of the institutions that test the digital euro together with the European Central Bank. In the past, the same bank also issued eurobonds using the Ethereum blockchain. Until recently, this subsidiary of Societe General also offered loans in DAI <a target="" rel="noopener noreferrer nofollow" href="https://tytanid.com/blog/types-of-stablecoins/">stablecoin</a>.

large_AdobeStock_524412524.jpg

medium_AdobeStock_524412524.jpg

small_AdobeStock_524412524.jpg

thumbnail_AdobeStock_524412524.jpg

AdobeStock_524412524.jpg

<h2>Francuski międzynarodowy bank inwestycyjny rozszerzył swoje usługi zarządzania aktywami kryptograficznymi</h2>Societe Generale jest zaangażowany w testowanie cyfrowego euro wraz z Europejskim Bankiem Centralnym. Francuska instytucja poszła o krok dalej, rozszerzając portfolio usług zarządzania aktywami cyfrowymi. Bank ten ogłosił uruchomienie funduszu powierniczego dla zarządzających funduszami kryptowalutowymi.<h2>Societe Generale rozszerza usługi w zakresie walut cyfrowych o nowe oferty powierników i rzeczoznawców</h2>Znany francuski bank inwestycyjny zamierza w najbliższej przyszłości rozszerzyć swoje usługi w zakresie walut cyfrowych za pomocą jednej ze swoich spółek zależnych - Security Services. Klienci tej firmy, którzy są menedżerami w funduszach kryptowalutowych, będą mogli wkrótce wybrać tę instytucję jako powiernika lub rzeczoznawcę.Nowo uruchomione narzędzia informatyczne mają na celu ułatwienie dodawania wirtualnych walut do portfeli inwestorów instytucjonalnych. Najnowszym klientem Societe Generale jest licencjonowana firma zarządzająca aktywami we Francji, która oferuje dwa produkty cyfrowe denominowane w EUR - <a target="" rel="noopener noreferrer nofollow" href="https://tytanid.com/blog/how-are-bitcoin-and-ethereum-different/">Bitcoin (BTC) i Ether (ETH)</a>, a także instrumenty pochodne."Łącząc doświadczenie prestiżowej instytucji, takiej jak Societe Generale, w dziedzinie innowacji z umiejętnościami technicznymi Arquant Capital, rozszerzamy możliwości SGSS, aby zaspokoić potrzeby dywersyfikujących się zarządzających aktywami" - podkreślił David Abitbol (dyrektor Societe Generale Securities Services).Societe Generale Security Services znajduje się obecnie w TOP 10 największych powierników na świecie i TOP 3 największych instytucji tego typu w Europie. Bank świadczy usługi powiernicze dla 3312 funduszy. Posiada 22 lokalizacje na całym świecie, a wartość jego aktywów w momencie pisania tego artykułu przekracza 4,2 biliona dolarów.<h3>Wcześniejsze doświadczenia z technologią blockchain</h3>Societe Generale jest jedną z instytucji, które wraz z Europejskim Bankiem Centralnym testują cyfrowe euro. W przeszłości ten sam bank emitował również euroobligacje z wykorzystaniem blockchaina Ethereum. Do niedawna ta spółka zależna Societe Generale oferowała również pożyczki w <a target="" rel="noopener noreferrer nofollow" href="https://tytanid.com/blog/types-of-stablecoins/">stablecoinie</a> DAI.

Societe Generale uruchamia fundusz powierniczy kryptowalut

<h2>Eine internationale französische Investmentbank hat ihre Dienstleistungen im Bereich der Verwaltung von Kryptoanlagen erweitert</h2>Die Societe Generale ist gemeinsam mit der Europäischen Zentralbank an der Erprobung des digitalen Euro beteiligt. Das französische Institut ist einen Schritt weiter gegangen und hat das Portfolio der digitalen Vermögensverwaltungsdienste erweitert. Die Bank kündigte die Einführung eines Trusts für Kryptowährungsfondsmanager an.<h2>Societe Generale erweitert Dienstleistungen für digitale Währungen mit neuen Angeboten für Treuhänder und Gutachter</h2>Eine bekannte französische Investmentbank beabsichtigt, ihre Dienstleistungen für digitale Währungen in naher Zukunft über eine ihrer Tochtergesellschaften - Security Services - zu erweitern. Kunden dieses Unternehmens, die Manager von Kryptowährungsfonds sind, werden bald die Möglichkeit haben, dieses Institut als Treuhänder oder Gutachter zu wählen.Die neu eingeführten IT-Tools sollen die Aufnahme von virtuellen Währungen in die Portfolios institutioneller Anleger erleichtern. Der neueste Kunde der Societe Generale ist eine zugelassene Vermögensverwaltungsgesellschaft in Frankreich, die zwei auf Euro lautende digitale Produkte - <a target="" rel="noopener noreferrer nofollow" href="https://tytanid.com/blog/how-are-bitcoin-and-ethereum-different/">Bitcoin (BTC) und Ether (ETH)</a>- sowie Derivate anbietet."Durch die Kombination der Erfahrung einer renommierten Institution wie der Societe Generale im Bereich der Innovation mit den technischen Fähigkeiten von Arquant Capital erweitern wir die Fähigkeiten der SGSS, um die Bedürfnisse von diversifizierenden Vermögensverwaltern zu erfüllen", betonte David Abitbol (Direktor der Societe Generale Securities Services).Societe Generale Security Services gehört derzeit zu den TOP 10 der größten Treuhänder der Welt und zu den TOP 3 der größten Institutionen dieser Art in Europa. Die Bank erbringt Treuhanddienstleistungen für 3.312 Fonds. Sie hat 22 Standorte rund um den Globus und der Wert ihrer Vermögenswerte beträgt zum Zeitpunkt der Erstellung dieses Artikels mehr als 4,2 Billionen Dollar.<h3>Frühere Erfahrungen mit der Blockchain-Technologie</h3>Die Societe Generale ist eines der Institute, die zusammen mit der Europäischen Zentralbank den digitalen Euro testen. In der Vergangenheit hat dieselbe Bank auch Eurobonds unter Verwendung der Ethereum-Blockchain ausgegeben. Bis vor kurzem bot diese Tochtergesellschaft der Societe Generale auch Kredite in <a target="" rel="noopener noreferrer nofollow" href="https://tytanid.com/blog/types-of-stablecoins/">DAI-Stablecoin</a> an.

Societe Generale legt Krypto-Fonds auf

Societe Generale launches crypto fund trust

<h2>Considerable interest in non-fungible token technology has led to significant changes in the cryptocurrency sector.</h2>The broadly understood NFT market has been sending us subtle signals for some time that it is periodically trying to recover from the impact of the strong bear market that inevitably reached this sector. It is not difficult to quickly come to the conclusion that the prices of top tokens from key collections are still significantly away from the levels of the glory days, which ended around the first quarter of 2022. Despite this pessimistic fact, a certain change in the balance of power in this innovative sphere can be noticed. It is worth adding that so far, the Ethereum blockchain has been the network where non-fungible tokens were traded most frequently. In the end, however, Ethereum had to hand over the leadership position to its long-time competitor, Bitcoin.<h3>NFT trade is booming, but on a different blockchain</h3>Built, among others, by the popular programmer Vitalik Buterin, the Ethereum blockchain has for a long time been associated primarily with the fact that it is the cyberspace where by far the most non-fungible tokens (NFTs) are minted and where the highest trade rate in terms of turnover volume takes place.Recently, however, a revolutionary change took place, which led to BTC taking first place in terms of volume in the last 7 days.<h4>Latest data from the NFT market</h4>The latest data from the platform analyzing turnover volumes in the NFT sector shows that during the week Ethereum decreased by 3.72%, while tokens minted using the Ordinals protocol in the BTC network contributed to an increase by as much as 22.47 %, which led to this network ranking in first place.Finally, it is worth adding that the weekly volume here reached USD 101.3 million. In the case of the Ethereum protocol, it is USD 95.1 million. In third place, without any surprise, was Solana, which recorded a strong jump of 55% over the last week, and the trading volume of non-fungible tokens amounted to USD 66 million.

medium_AdobeStock_258902242.jpg

small_AdobeStock_258902242.jpg

thumbnail_AdobeStock_258902242.jpg

AdobeStock_258902242.jpg

Ethereum is no longer the leader in the NFT market. A surprising change in the balance of power

<h2>A financial company draws a positive forecast for one of the largest cryptocurrency projects</h2>The recent BTC price rally has sparked new enthusiasm in the world of digital currencies, and with it, increased interest in other cryptocurrencies. According to the forecasts of a widely recognized asset management company - VanEck - Solana (SOL) has a good chance of achieving noticeably better results than Ethereum (ETH) by 2024.<h3>Can Solana beat Ethereum?</h3>The spectacular increase in value by as much as 212% in just the last 60 days has resulted in Solana's share on the cryptocurrency market significantly increasing. Digital currency analysts also expect Solana's price oracle platform, Pyth, to likely overtake Chainlink in terms of total value secured (TVS) soon. It is worth adding here that despite Chainlink's current market dominance, analysts deeply believe that the innovative system architecture will make Pyth ultimately defeat its most serious rival.It is worth noting that Solana is currently trading at an average price of $73 per coin, and its price has increased by over 11% in just the last 24 hours. Moreover, there was also an additional increase in 24-hour trading volume to levels exceeding even USD 4.1 billion.Financial firm VanEck additionally forecasts that Ethereum will likely not reach a higher market capitalization than Bitcoin (BTC) until 2024. While Ethereum is likely to outperform other major tech stocks, Bitcoin's regulatory transparency and scale of energy efficiency are widely expected to attract interest from state-owned entities in Asia, Latin America, and the Middle East.Despite Ethereum's very decent results, according to the most common forecasts, it will probably lose market share to other smart contract platforms, such as Solana, whose main competitive advantage is that it can boast a much more reliable scalability schedule. Finally, it is impossible not to mention that Argentina is expected to join the countries sponsoring BTC mining at the state level. This would mean that Argentina would follow in the footsteps of countries such as the United Arab Emirates, El Salvador, Bhutan and Oman.

medium_AdobeStock_474607717.jpg

small_AdobeStock_474607717.jpg

thumbnail_AdobeStock_474607717.jpg

AdobeStock_474607717.jpg

Solana will beat Ethereum in some respects by 2024, according to VanEck

<h2>Cryptocurrency investors who expect the sector to decline suffer significant losses.</h2>According to data provided by the popular firm S3 Partners, short-term investors who focus on companies related to the oldest cryptocurrency suffered significant financial losses exceeding $6 billion in total by trying to short BTC in 2023. These losses were caused by a sudden but consistent reversal of the bearish trend on the Bitcoin chart , as well as the oldest cryptocurrency regaining key price levels.<h3>Traders have lost a fortune shorting Bitcoin-related companies</h3>Based on a report published by the analytical company S3 Partners, traders who at the beginning of 2023 adopted a bearish stance towards listed cryptocurrency companies such as Coinbase, Marathon Digital and MicroStrategy recorded losses of $6.05 billion.Due to the long-term increasing value of digital currencies, many investors taking short positions on shares of companies related to the crypto industry have made significant losses.In just the first three quarters of 2023, some short-term investors reduced their exposure to cryptocurrencies as the sector apparently rebounded. However, since Bitcoin's last low of $25.1K in September 2023, there has been a sustained and sharp increase in short selling totaling approximately $697 million as traders dramatically increased their exposure to what they perceived as an "overbought market." .In a sudden turnaround in the stock market, BTC experienced a significant increase in value and reached a new yearly high of over $44,300 on December 5 this year. This unexpected upward rally resulted in approximately $2.65 billion in losses for short-term investors.<h4>Strong increases in the value of BTC-related enterprises</h4>Undoubtedly, this year's increases in share prices of companies such as Coinbase and MicroStrategy may have been a challenge for many traders who were betting on shorting these shares. For the Brian Armstrong-led company, this year's 290% stock rally has resulted in losses estimated at about $3.5 billion for short-term traders. It is worth adding that this currently constitutes more than half of the total losses incurred in this way throughout 2023.Additionally, MicroStrategy's over 300% growth this year contributed to roughly $1.4 billion in losses for cryptocurrency traders. Despite the current strong growth in the market for digital currencies and related companies, some investors still decide to take short positions, most likely hoping that the upward rally will lose momentum at some point.

Societe Generale launches crypto fund trust

A French international investment bank has expanded its crypto asset management services

Societe Generale expands digital currency services with new trustee and appraiser offerings

Previous experience with blockchain technology

Recent news articles

Ethereum is no longer the leader in the NFT market. A surprising change in the balance of power

Solana will beat Ethereum in some respects by 2024, according to VanEck

Traders shorting Bitcoin are losing billions as the BTC price refuses to fall

Societe Generale launches crypto fund trust

A French international investment bank has expanded its crypto asset management services

Societe Generale expands digital currency services with new trustee and appraiser offerings

Previous experience with blockchain technology

Share

Recent news articles

Ethereum is no longer the leader in the NFT market. A surprising change in the balance of power

Solana will beat Ethereum in some respects by 2024, according to VanEck

Traders shorting Bitcoin are losing billions as the BTC price refuses to fall