Société Générale issued the first digital bond in the United States through Blockchain.

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Société Générale has successfully completed its first digital bond issuance in the U.S. market. The bond was issued on the Canton Network blockchain using tokenization capabilities provided by Broadridge Financial Solutions, registered as a security token, and issued by SG-FORGE, a subsidiary of Société Générale focused on digital assets. The buyer is the well-known trading firm DRW, and the bond is a short-term floating rate debt instrument with the interest rate linked to SOFR (Secured Overnight Financing Rate).

This is one of the first digital securities offerings aimed at institutional investors in the U.S. market, marking an important extension of Societe Generale's digital asset capabilities from Europe to the United States. As early as 2019, SG-FORGE has successfully completed multiple tokenized bond issuances in Europe, providing end-to-end services from issuance to full lifecycle management.

The first digital bond in the United States is issued on the Canton Network. This network was initially developed by Digital Asset and supports the on-chain instant transfer of securities, while allowing issuers and registrars to continue using traditional capital market practices and compliance requirements.

These bonds are also among the first securities to adopt Broadridge's newly launched tokenization feature, allowing securities to be issued in a digital-native form, significantly enhancing transparency, traceability, and settlement speed and efficiency.

Broadridge and SG-FORGE are running their respective nodes on the Canton Network's decentralized interoperability infrastructure “Global Synchronizer” using IntellectEU's Catalyst Blockchain Manager, jointly facilitating the successful issuance of the first tokenized bond in the United States, and opening the door for more issuances and other application scenarios in the future.

Global leading third-party intermediary BNY will act as the payment agent for this bond, and Mayer Brown will serve as the legal advisor to Société Générale.

The successful transaction in the US market is an important step for the future issuance of tokenized assets (including structured products), highlighting Societe Generale's firm commitment to leveraging its financial structuring expertise and the technological capabilities of SG-FORGE to provide high-value-added services to clients.

Jean-Marc Stenger, CEO of Société Générale - FORGE, stated:

“The successful completion of this transaction highlights our industry-leading position in the field of security tokenization, proving that Société Générale can safely bring new tools on-chain in a highly complex legal and regulatory environment.”

Chris Zuehlke, the global head of Cumberland's digital asset division under DRW, stated:

“Issuing these milestone digital bonds is an important step in building the future of finance. We have long advocated for innovation in financial markets and believe that tokenization can bring efficiency, transparency, and broader accessibility to the entire ecosystem. This reflects the strong momentum of institutional adoption of digital native assets.”

Horacio Barakat, the Head of Digital Innovation at Broadridge, stated:

“By implementing the on-chain issuance of corporate bonds on public blockchains, we are opening up entirely new distribution channels for issuers and their partners. This expansion extends our tokenization capabilities from U.S. Treasury bonds to a broader range of asset classes, enhancing their liquidity and utility as margin and financing collateral. Broadridge is building the underlying infrastructure for on-chain capital markets, increasing liquidity and broadening investor access.”

Yuval Rooz, CEO and co-founder of Digital Asset, stated:

“We congratulate Société Générale on promoting the digital evolution of capital markets, demonstrating that regulatory bodies can issue and manage real financial instruments on-chain with the same rigor and confidence as traditional markets. This issuance showcases how to combine the mature structure of the existing financial system with the transparency, efficiency, and interoperability of digital infrastructure, releasing new opportunities for institutions and investors.”

Cécile Nagel, head of BNY Corporate Trust, stated:

“What the market needs is implementation, not just vision. Our capabilities enable issuers like Societe Generale to turn innovation into reality. Digital bonds bring efficiency, open new markets, and enhance liquidity and asset transferability. With BNY's trusted services and operational reliability, we are reshaping finance—providing seamless access to digital markets on a solid foundation of traditional market infrastructure.”

About Société Générale

Société Générale is one of the top banks in Europe, with approximately 119,000 employees providing services to over 26 million clients in 62 countries. For 160 years, it has continuously supported the development of the real economy, offering a wide range of value-added advisory and financial solutions for corporate, institutional, and individual clients. Long-term trusted client relationships, leading professional capabilities, unique innovation, ESG strength, and top-tier business licenses together form the core DNA of the group, serving the fundamental goal of creating sustainable value for all stakeholders.

About SG-FORGE

SG-FORGE is a fully regulated subsidiary of the Société Générale Group, authorized to provide MiFID II investment services and MiCA crypto asset services within the European Economic Area, and has been authorized by the ACPR to issue electronic money. SG-FORGE has issued stablecoins EUR CoinVertible and USD CoinVertible that comply with MiCA regulations.

The company has built an open, secure, institutional-grade digital asset trading platform, equipped with bank-level security and compliance guarantees. All digital solutions and assets comply with the CAST open-source interoperability and security market model.

More information: www.sgforge.com / www.cast-framework.com