TechFlow news, November 19 — According to CoinDesk, Société Générale’s crypto division SG-FORGE announced the completion of its first blockchain-based digital bond issuance in the United States. The short-term bond is linked to the Secured Overnight Financing Rate (SOFR) and was purchased by trading firm DRW.
The digital bond utilized Broadridge Financial Solutions’ tokenization technology and ran 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 instantaneous settlement while preserving traditional financial legal structures.
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