TechFlow news, November 19 — According to CoinDesk, SG-FORGE, the cryptocurrency division of French bank Société Générale, announced the completion of its first blockchain-based digital bond issuance in the United States, expanding its presence in on-chain capital markets. The short-term bond issued is linked to the Secured Overnight Financing Rate (SOFR) and was purchased by trading firm DRW.
The digital bond utilizes tokenization technology from Broadridge Financial Solutions and operates on Canton Network, a privacy-enabled blockchain infrastructure developed by Digital Asset. This marks the first time Broadridge’s new platform has been used for real-time securities issuance, while Canton Network enables instant settlement while preserving traditional financial legal structures.
Société Générale stated it has been active in European digital bond markets since 2019, and this transaction paves the way for its entry into the U.S. market, potentially enabling more complex products such as structured notes to be issued on-chain in the future.
