Societe Generale Group Bank Launches Actively Managed Blockchain ETN Private bank and asset manager Kleinwort Hambros, part of Societe Generale Group, has launched an actively managed blockchain-focused ETN.

Societe Generale Bank Launches Actively Managed Blockchain ETN

Private bank and asset manager Kleinwort Hambros, part of the Societe Generale Group, launches an actively managed blockchain-focused exchange note (ETN).

A London bank said Monday that the Luxembourg-listed ETN will be used to invest in companies that can profit from the development and diffusion of blockchain technology..

Initially ETN will include 20 titles of shares, distributed across technology, logistics, oil and gas, custody and industrial sectors..

“We are seeing an increase in customer interest in the blockchain space. We are delighted to meet their demand with the launch of our first blockchain ETN, ”said John Birdwood, portfolio manager at Kleinwort Hambros..

The product is available only for current and future clients of the bank, and the minimum investment amount in it is £ 1,000.

Previously, the management of Societe Generale spoke negatively about Bitcoin, while recognizing the value of blockchain technology.

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