One of France’s leading banks has turned to decentralized finance pioneer MakerDAO to propose the submission of bond tokens as collateral for a loan of the DAI stablecoin.
The historic proposal, called “Security Tokens Refinancing,” was submitted to Maker’s governance forums by the international bank on Friday. It would be the first major collaboration between a traditional bank and a DeFi protocol, and could open the door for closer integration between the two sectors.
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Read More: Société Générale proposes historic $20M DAI loan in exchange for bond