Societe Generale has completed its first digital bond issuance in the United States, utilizing Broadridge Financial Solutions’ tokenization technology on the Canton Network blockchain. The bonds were issued as security tokens by Societe Generale - FORGE (SG-FORGE), a subsidiary focused on digital assets. DRW, a trading firm known for innovation in financial markets, purchased the short-term floating rate debt securities linked to the Secured Overnight Financing Rate (SOFR).
This transaction marks one of the early digital securities offerings for institutional investors in the U.S., expanding Societe Generale’s presence in digital assets following several tokenized issuances in Europe since 2019 through SG-FORGE. The subsidiary provides services to issue and manage blockchain-registered financial products.
The new bonds are the first to be tokenized using Broadridge’s recently launched capability, which allows companies to issue securities digitally with greater transparency and efficiency. IntellectEU’s Catalyst Blockchain Manager was used by Broadridge and SG-FORGE to operate their nodes on Canton Network’s decentralized infrastructure, supporting this inaugural U.S. issuance and setting up potential future applications.
BNY will serve as paying agent for these bonds, while Mayer Brown acted as legal advisor for Societe Generale during this process.
Jean-Marc Stenger, CEO of Societe Generale - FORGE, said: “The successful completion of this transaction highlights our industry-leading position in securities tokenization. It demonstrates Societe Generale’s capabilities to securely bring new instruments on-chain, in a sophisticated legal and regulatory environment.”
Chris Zuehlke, Global Head of Cumberland at DRW, stated: “The issuance of these landmark digital bonds is an important step toward building the future of finance. As long-time advocates of innovation in financial markets, we believe tokenization has the potential to unlock efficiency, transparency, and broader access across the ecosystem. This reflects the growing momentum behind institutional adoption of digital-native assets.”
Horacio Barakat, Head of Digital Innovation at Broadridge, commented: “By enabling the on-chain issuance of corporate debt on public blockchains, we are opening new distribution channels for issuers and their partners. This evolution expands our tokenization capabilities beyond US Treasuries into broader asset classes, enhancing their liquidity and utility as collateral in margin and secured funding functions. Broadridge is powering the next phase of tokenization by building the infrastructure underpinning on-chain capital markets, expanding liquidity, and widening investor access.”
Yuval Rooz, CEO and Co-Founder of Digital Asset added: “We congratulate Societe Generale for advancing the digital evolution of capital markets, demonstrating how regulated institutions can issue and manage real-world financial instruments on-chain with the same rigor and confidence as traditional markets. By combining the proven structures of today’s financial system with the transparency, efficiency, and interoperability of digital infrastructure, this issuance showcases how tokenization can meaningfully enhance market operations and unlock new opportunities for institutions and investors.”
Cécile Nagel from BNY said: “Markets demand delivery, not just vision. Our capabilities enable issuers like Societe Generale to turn innovation into reality. Digital bonds bring efficiency, unlock new markets for issuers, and enhance liquidity and asset mobility. By leveraging BNY’s trusted services and operational reliability, we’re reshaping finance — providing seamless access to digital markets built on the strength of traditional market infrastructure.”
Societe Generale-FORGE clarified that it is not licensed or authorized to conduct business within the United States.