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

Société Générale's SG-FORGE has executed its inaugural blockchain-based digital bond issuance in the United States, enhancing its presence in on-chain capital markets. The short-term bond, linked to the secured overnight financing rate (SOFR), was acquired by the trading firm DRW. This bond leverages Broadridge Financial Solutions' tokenization technology and operates on the Canton Network, which is designed to maintain privacy and facilitate instant settlements while adhering to traditional financial legal structures. This issuance marks the initial live use of Broadridge's new platform for securities issuance. As SG-FORGE explores further opportunities in the U.S. markets, the transaction paves the way for the potential issuance of more complex financial products, including structured notes. According to Chris Zuehlke, global head of DRW’s crypto arm, Cumberland, this development signifies an essential progress in the evolution of finance, asserting tokenization's role in enhancing efficiency, transparency, and market access.

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