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Société Générale has issued the first digital bond in the United States, a move that represents a major advancement in the integration of traditional finance and blockchain technology.
These short-term variable return bonds are purchased by trading firm DRW and issued on the Canton blockchain using Broadridge’s tokenization technology.
landmark institutional steps:
The bonds were issued through “SG-FORGE”, a company specializing in digital assets, which has conducted several tokenized bond issuances in Europe since 2019.
Its entry into the U.S. market represents an important expansion in the adoption of digital securities by institutional investors.
The process relies on the “Canton” network, which provides instant transfer of assets while adhering to capital market rules, while the “Broadridge” platform adds transparency and settlement speed.
The bank is also using IntellectEU’s Catalyst system to operate the network nodes, while BNY Mellon assumes the role of payment agent, with legal support provided by law firm Mayer Brown.
This bond represents more than just a digital product, but demonstrates the ability of tokenization to modernize the way securities are issued and managed.
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