Societe Generale has taken a major step in merging
traditional finance with blockchain technology by issuing its first digital
bond in the United States.

The short-term, floating-rate debt securities were
sold to trading firm DRW and issued on the Canton Network blockchain using
Broadridge’s tokenization technology. This move marks one of the earliest
digital securities offerings aimed at U.S. institutional investors.

Digital assets meet tradfi in London at the fmls25

Pioneering Tokenized Securities

The bonds were reportedly issued as security tokens
under SG-FORGE, Societe Generale’s digital asset-focused subsidiary. SG-FORGE
has previously led a series of tokenized bond issuances in Europe since 2019,
providing end-to-end blockchain services for financial products.

The U.S. debut extends these capabilities to American
institutional markets, signaling growing adoption of digital-native
instruments. The Canton Network, developed by Digital Asset,
enabled instant on-chain transfer while maintaining compliance with
conventional capital markets practices.

Broadridge’s newly launched tokenization solution adds
transparency, traceability, and faster settlement, providing a blueprint for
future tokenized issuances.

Societe Generale and Broadridge leveraged
IntellectEU’s Catalyst Blockchain Manager to operate nodes within the Canton
Network’s decentralized infrastructure, called the Global Synchronizer. BNY is serving as paying agent for the bonds, while
Mayer Brown advised on legal matters, ensuring the issuance adheres to
regulatory standards.

Infrastructure and Collaboration

This inaugural U.S. digital bond issuance represents
more than a single transaction; it underscores the potential for tokenization
to reshape the way institutional investors access and manage securities.

Societe Generale’s approach combines its financial
structuring expertise with digital capabilities, creating a model for future
asset classes, structured products, and broader blockchain adoption in
regulated markets. This month, SG-FORGE, the digital asset subsidiary of Societe Generale, launched a U.S. dollar-pegged stablecoin called USD
CoinVertible (USDCV).

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The stablecoin is reportedly issued on both the
Ethereum and Solana blockchains, with BNY Mellon acting as the reserve
custodian. Societe Generale expects trading of USDCV to begin in early July,
though it will not be available to U.S. residents.

This issuance represents the first time a major global
banking group has released a USD-backed stablecoin on public blockchains. It
follows SG-FORGE’s earlier launch of EUR CoinVertible (EURCV), a
euro-denominated stablecoin, in 2023.

This article was written by Jared Kirui at www.financemagnates.com.