Societe Generale subsidiary issues first tokenized US bond

SG-Forge, the cryptocurrency subsidiary of Societe Generale, has completed the issuance of its first digital U.S. bond using blockchain technology, CoinDesk reported. The bond utilizes tokenization technology from Broadridge Financial Solutions and is based on the Canton Network, a privacy-focused blockchain infrastructure. The short-term bond, which is linked to the Secured Overnight Financing Rate (SOFR), was purchased by trading firm DRW.