France approves its third-biggest bank to operate digital asset services

Société Générale, France’s third-biggest bank by market cap, quietly obtained regulatory approval to operate as a digital asset service provider in the country.

Founded in 1864 and with assets totaling more than €1.4 billion as of 2020, Société Générale is France’s third-biggest bank and the sixth-largest player in Europe in terms of its balance sheets.