Enigio's trace:original technology has enabled one of the first fully digital letters of credit completed end-to-end between the UK and France. Confirmed by Societe Generale on 8 June, the LC was issued by Lloyds on behalf of Board24 Ltd in favour of BOBST Lyon-France, supporting Board24's purchase of new production equipment.
Every document in this transaction — from issuance to transfer — was managed electronically. trace:original made that possible by replicating what paper has always guaranteed: a single, traceable original with a clear chain of custody between signatories and holders.
"This transaction marks an important milestone in the evolution of digital trade finance and reinforces Societe Generale's position at the forefront of the industry's transition towards interoperable and fully digital trade solutions," said Christian Cazenove, Head of Group Trade Oversight & Advocacy at Societe Generale.
Enigio's Chief Sales Officer, Alex Waites, echoed that view: "This transaction demonstrates that digital trade is no longer a future ambition — it is now delivering tangible value in live commercial environments."
The deal reflects a broader shift: MLETR-aligned legislation now gives electronic trade documents the same legal standing as paper in both the UK and France, and Lloyds reports its digital trade volumes have grown more than fourfold year-on-year.
Read the full release — including statements from Societe Generale, Lloyds and BOBST — in Societe Generale's newsroom(opens in new tab).