Societe Generale Launches First Blockchain-Based Bond in the U.S.
Societe Generale has issued its first digital bond in the U.S. using blockchain technology. The bond, a james bond of sorts in the digital realm, was launched on the Canton Network with support from Broadridge’s tokenization platform. This marks one of the earliest digital securities offerings targeted at institutional investors in America.
The bonds were sold to trading firm DRW as short-term, floating-rate debt securities. They were issued as security tokens under SG-FORGE, Societe Generale’s digital asset-focused subsidiary. Broadridge’s solution provided transparency, traceability, and faster settlement for the tokenized issuance.
The Canton Network enabled instant on-chain transfers while keeping the process compliant with traditional capital markets rules. Societe Generale and Broadridge used IntellectEU’s Catalyst Blockchain Manager to run nodes within the network’s decentralised infrastructure. BNY Mellon acted as the paying agent, and law firm Mayer Brown ensured regulatory compliance.
In a separate move, SG-FORGE launched a U.S. dollar-pegged stablecoin called USDCoinVertible (USDCV) in July 2023. The stablecoin operates on both Ethereum and Solana blockchains, making it the first USD-backed digital currency issued by a major global bank on public blockchains.
The bond issuance demonstrates how blockchain can streamline debt markets for institutional players. With faster settlement and full traceability, the process aligns with existing financial regulations. Societe Generale’s digital asset initiatives continue to expand into both tokenized securities and stablecoin offerings.
