Societe Generale's blockchain arm, SG-FORGE, has successfully issued its first tokenized bond in the United States. The short-term digital bond, linked to the secured overnight financing rate (SOFR), was acquired by trading firm DRW. This transaction utilized Digital Asset's Canton Network for immediate settlement and Broadridge's tokenization platform, marking a significant milestone for the platform's securities issuance capabilities.
BNY Mellon acted as the payment agent, while IntellectEU and Mayer Brown provided infrastructure and legal support, respectively. SG-FORGE highlighted that this issuance extends its digital bond expertise from Europe to the U.S., paving the way for more complex blockchain-based financial products, including structured notes.
SG-FORGE Launches First Tokenized Bond in U.S. with DRW Purchase
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