Société Générale executed the first tokenized bond issuance in the USA.

Société Générale's New Innovation

Société Générale's crypto arm SG-FORGE has made its inaugural digital bond issuance using blockchain technology in the United States. This issuance was purchased by trading firm DRW.

The digital bond uses Broadridge Financial Solutions' tokenization technology and operates on the Canton Network. This network provides a privacy-focused blockchain infrastructure.

With this development, SG-FORGE is expanding its presence in on-chain capital markets. The bank notes that this step could lead to the issuance of more complex products, including structured notes.