Société Générale accepted 10 million USD in tokenized U.S. Treasury bonds in Canton

Société Générale announced that its prime brokerage and clearing department has completed a transaction, accepting $10 million worth of tokenized U.S. Treasury bonds as eligible collateral on the Canton network. The related assets were generated through a pilot program of the tokenization service by the Depository Trust & Clearing Corporation (DTCC), have achieved on-chain transfer, and have been integrated into the bank's existing back-office and collateral management systems.

Société Générale plans to gradually support routine collateral transfers, assess more eligible tokenized securities, and explore on-chain financing solutions including agency repurchase and proprietary repurchase, with related progress still needing to meet internal approval and regulatory requirements.