SG-FORGE, the crypto division of Société Générale, completes its first blockchain-based digital bond issuance in the US

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

This short-term bond issuance is linked to the Secured Overnight Financing Rate (SOFR) and was purchased by trading firm DRW. The digital bond utilizes tokenization technology from Broadridge Financial Solutions and operates on the privacy-enabled blockchain infrastructure Canton Network, developed by Digital Asset. This marks the first time Broadridge's new platform has been used 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 sector since 2019, and this transaction paves the way for its entry into the U.S. market, potentially facilitating the on-chain issuance of more complex products such as structured notes in the future.