Société Générale’s SG‑FORGE Issues First U.S. Tokenized Bond, Purchased by DRW

Why It Matters

The transaction proves that blockchain‑based securities can be issued and settled in the U.S., offering faster settlement, greater transparency and broader access, which could reshape capital‑raising and secondary‑market trading for institutional investors.

Deal Summary

Société Générale’s crypto arm SG‑FORGE completed its first U.S. digital bond issuance, a short‑term tokenized bond tied to SOFR, which was purchased by trading firm DRW. The bond was tokenized using Broadridge’s technology on the Canton Network, marking a pioneering debt financing on a privacy‑enabled blockchain.