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

Société Générale’s crypto arm, SG-FORGE, completed its first blockchain-based digital bond issuance in the U.S., expanding its footprint in onchain capital markets. The short-term bond, tied to the secured overnight financing rate (SOFR), was purchased by trading firm DRW. The bond runs on the Canton Network, a privacy-enabled blockchain infrastructure developed by Digital Asset. Canton allows instant settlement while preserving the legal structure of traditional finance. Broadridge Financial Solutions pr ...