Société Générale's crypto division SG-FORGE completes its first blockchain digital bond issuance in the U.S

Société Générale's crypto business unit SG-FORGE announced the completion of its first blockchain-based digital bond issuance in the United States, expanding its business footprint in on-chain capital markets.

The short-term bonds issued are linked to the Secured Overnight Financing Rate (SOFR) and were purchased by trading firm DRW. The digital bonds utilize tokenization technology from Broadridge Financial Solutions and operate on the privacy-enabled blockchain infrastructure Canton Network developed by Digital Asset. This marks the first use of Broadridge's new platform for real-time securities issuance, while Canton Network enables instant settlement while retaining the legal structure of traditional finance. Société Générale stated that it has been active in the European digital bond space since 2019, and this transaction paves the way for entering the U.S. market, potentially facilitating on-chain issuance of more complex products such as structured notes in the future.