Broadridge Financial Solutions has announced Societe Generale’s first digital bond issuance in the United States.
The issuance utilised Broadridge’s new tokenisation capability, combining tokenisation and permissioned blockchain technology.
“Broadridge is uniquely positioned to lead the tokenisation of corporate and structured bonds, given its proven track record of leveraging blockchain technology and delivering innovative solutions for our clients,” said Horacio Barakat, head of digital innovation at Broadridge.
Broadridge’s tokenisation capabilities allow firms to issue, trade and manage securities in digital form with embedded privacy, credential management and direct investor ownership capabilities.
Broadridge and Societe Generale-FORGE used IntellectEU’s Catalyst Blockchain Manager to operate their nodes on the Canton Network, leveraging Broadridge’s capital markets technology infrastructure.
“The expansion of tokenisation 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,” said Barakat.
This tokenisation capability complements the Broadridge Distributed Ledger Repo (DLR) platform, which processed an average of $385 billion in daily repo transactions in October.
