Societe Generale has made its US debut in blockchain-based finance with the issuance of its first digital bond in the world\u2019s largest economy in a move that could reshape how American capital markets handle debt.<\/p>\n
The short-term floating rate bond, linked to the Secured Overnight Financing Rate (SOFR), was purchased by trading firm DRW and issued via Societe Generale\u2019s digital asset subsidiary, SG-FORGE.<\/p>\n
This marks the first time the French banking giant has brought its tokenization expertise to the US market, following a number of pilots conducting tokenized bond issuances in Europe.<\/p>\n
The bond was issued as a security token on the Canton Network, a blockchain infrastructure developed by Digital Asset. Broadridge Financial Solutions, headquartered in New York, provided the tokenization platform, while IntellectEU\u2019s Catalyst Blockchain Manager enabled node operations across the network\u2019s decentralized infrastructure.<\/p>\n
This issuance is the first to use Broadridge\u2019s new tokenization platform, which aims to improve transparency, settlement speed, and asset traceability, and expands the company\u2019s tokenization efforts beyond US Treasuries into broader asset classes. \u00a0<\/p>\n
BNY Mellon will serve as the paying agent, and Mayer Brown acted as legal counsel, further anchoring the transaction in US financial infrastructure.<\/p>\n
\u201cThis issuance showcases how tokenization can meaningfully enhance market operations and unlock new opportunities for institutions and investors,\u201d\u00a0 said Yuval Rooz, CEO and Co-Founder of Digital Asset.<\/p>\n
DRW\u2019s Chris Zuehlke added that tokenization could unlock \u201cefficiency, transparency, and broader access\u201d\u00a0 across financial markets.<\/p>\n","protected":false},"excerpt":{"rendered":"Societe Generale has made its US debut in blockchain-based finance with the issuance of its first digital bond…\n","protected":false},"author":2,"featured_media":22026,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12932],"tags":[16354,5438,8221,1993,9059,16353,16355,12955,1863],"class_list":["post-22025","post","type-post","status-publish","format-standard","has-post-thumbnail","category-societe-generale","tag-bitcoin","tag-blockchain","tag-cryptocurrency","tag-feature","tag-feature3","tag-financial-trends","tag-global-exchange","tag-societe-generale","tag-tokenization"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/22025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/comments?post=22025"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/22025\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media\/22026"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media?parent=22025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/categories?post=22025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/tags?post=22025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}