French bank Société Générale accepts $10 million in tokenized US Treasuries as collateral on the Canton Network.
2 hours ago
French bank Société Générale announced that its prime brokerage and clearing division has completed a transaction, accepting $10 million in tokenized U.S. Treasury bonds as eligible collateral on the Canton network. The relevant assets were generated via a pilot program of the Depository Trust & Clearing Corporation (DTCC)’s tokenization service, transferred on-chain, and integrated into the bank’s existing back-office and collateral management systems. Société Générale plans to gradually support regular collateral transfers, evaluate more eligible tokenized securities, and explore on-chain financing solutions including agency repo and proprietary repo. Further progress is subject to internal approvals and regulatory requirements.
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