Société Générale’s SG-FORGE Issues First Tokenized Bond in U.S.

Société Générale’s crypto arm, SG-FORGE, has completed its inaugural blockchain-based digital bond issuance in the U.S., marking a significant step in expanding onchain capital markets. The short-term bond, linked to the Secured Overnight Financing Rate (SOFR), was purchased by trading firm DRW. The issuance leverages Broadridge Financial Solutions’ tokenization technology and operates on the Canton Network, a privacy-focused blockchain infrastructure developed by Digital Asset, enabling instant settlement while maintaining traditional financial legal structures. This transaction builds upon Société Générale’s existing activity in digital bonds in Europe since 2019 and opens opportunities for issuing more complex products like structured notes in the U.S. Participants included BNY Mellon as the paying agent and IntellectEU’s Catalyst Blockchain Manager for infrastructure support, with legal counsel provided by Mayer Brown. SG-FORGE is also integrating stablecoins into Deutsche Börse and expanding into decentralized finance through listings on Morpho and Uniswap.

(Source：CoinDesk)