Societe Generale has taken a significant step in merging blockchain innovation with traditional financial markets by issuing its first digital bond in the United States.
The short-term floating-rate securities were purchased by trading firm DRW and issued on the Canton Network, a blockchain built for institutional financial applications.
The issuance was enabled using Broadridge’s new tokenization platform, marking one of the earliest digital-native securities designed specifically for U.S. institutional investors.
Extending Tokenized Securities to U.S. Markets
The bonds were created as security tokens under SG-FORGE, Societe Generale’s digital asset subsidiary.
The division has already delivered several blockchain-based bond issuances in Europe since 2019, positioning the bank as one of the sector’s early movers.
By entering the U.S. market, SG-FORGE is widening access to tokenized instruments and demonstrating how blockchain infrastructure can fit within regulated financial systems.
The Canton Network, developed by Digital Asset, allows real-time, on-chain transfers of ownership while ensuring compliance with capital markets frameworks.
This blend of blockchain speed and traditional regulatory oversight is a core component of what financial institutions are increasingly seeking.
New Tokenization Tools Aim to Increase Transparency
Broadridge’s recently launched tokenization technology was used to issue the digital bond.
The system is designed to improve transparency and traceability and to accelerate the settlement process for institutional clients.
The infrastructure also incorporates IntellectEU’s Catalyst Blockchain Manager, which operated nodes connected to the Canton Network’s Global Synchronizer, the decentralized system that ensures transactional accuracy.
BNY is serving as the paying agent for the bonds, while Mayer Brown provided legal guidance, ensuring the issuance aligns with U.S. regulatory standards.
A Model for Future Blockchain Adoption
Societe Generale says the issuance highlights how tokenization could reshape institutional investment markets.
By combining digital-asset engineering with its own structuring capabilities, the bank is creating a model that could extend to other securities, including structured products and new blockchain-native asset classes.
The transaction supports the broader shift toward integrating blockchain into mainstream finance, particularly for institutions looking for more efficient post-trade processes.
Launch of Societe Generale’s USD-Backed Stablecoin
In the same month, SG-FORGE also launched a new stablecoin known as USD CoinVertible (USDCV).
The token is pegged to the U.S. dollar and is issued on both the Ethereum and Solana blockchains.
BNY Mellon acts as the reserve custodian for the stablecoin, adding institutional credibility to the project.
Trading for USDCV is expected to begin in early July.
However, the stablecoin will not be made available to U.S. residents.
This marks the first time a major global banking group has launched a USD-backed stablecoin on public blockchains.
It follows the introduction of EUR CoinVertible (EURCV) in 2023, which is pegged to the euro.
