Broadridge Financial Solutions announced that Societe Generale completed its first digital bond issuance in the US using Broadridge’s new tokenization capability. The digital bonds were registered by Societe Generale-FORGE, the subsidiary of Societe Generale dedicated to digital assets. The firms used IntellectEU’s Catalyst Blockchain Manager to operate their nodes on the Canton Network.
The transaction showcases how institutions can leverage tokenization and permissioned blockchain technology for instant settlement and transparency while adhering to traditional capital markets practices and requirements. Broadridge’s tokenization capability enables firms to issue, trade, and manage securities in digital form with embedded privacy, credential management, and direct investor ownership capabilities.
Horacio Barakat, head of Digital Innovation at Broadridge, said in a statement: “The expansion of tokenization beyond treasuries into corporate and structured bonds is an exciting step – one that will help increase the liquidity and utility of these assets across financing and collateral use cases.”
This tokenization capability complements the Broadridge Distributed Ledger Repo (DLR) platform, which processed an average of $385 billion in daily repo transactions in October. DLR is the world’s largest institutional platform for settling tokenized real assets, setting a new standard for efficiency and innovation in the global repo market.