Société Générale's crypto arm, SG-FORGE, issued its first blockchain digital bond in the US, powered by CantonNetwork.

On November 19th, CoinDesk reported that Société Générale's crypto division, SG-FORGE, announced the completion of its first blockchain-based digital bond issuance in the United States. The short-term bonds issued were pegged to the Secured Overnight Financing Rate (SOFR) and purchased by trading firm DRW.

The digital bonds utilized tokenization technology from Broadridge Financial Solutions and ran on the privacy-supporting blockchain infrastructure, Canton Network, developed by Digital Asset. This marks the first time Broadridge's new platform has been used for a real-time securities issuance, while Canton Network enables instant settlement while preserving the legal structure of traditional finance.