Société Générale will use $10 million in tokenized U.S. Treasury bonds as collateral

According to Canton Network, Société Générale has transferred tokenized U.S. Treasury bonds valued at 10 million dollars as collateral through DTCC's tokenization service.

Salim Nemouchi, Head of Global Equity Business for the Americas at Société Générale, stated that this transaction demonstrates the transferability of tokenized collateral among market participants. Canton Network indicated that the service initially focuses on U.S. Treasury bonds held by DTCC members and custodied at DTC.