Societe Generale Accepts $10 Million in Tokenized U.S. Treasuries as Collateral on Canton Network
Source:
www.theasianbanker.com
Event types:
Online/Update
、
Regulation/Compliance
、
Financing/Fundraising
Societe Generale has accepted $10 million worth of tokenized U.S. Treasuries as eligible collateral on the Canton Network. The assets were generated through a pilot run of the Depository Trust & Clearing Corporation (DTCC)'s tokenization service, have been transferred on-chain, and have been integrated into the bank's existing back-office and collateral management systems. Societe Generale plans to gradually support routine collateral transfers, evaluate additional eligible tokenized securities, and explore on-chain financing solutions including agency repo and principal repo; these developments remain subject to internal approvals and regulatory requirements.