Société Générale Uses $10 Million in Tokenized U.S. Treasuries as Collateral

According to TechFlow, on November 3, Canton Network disclosed that Société Générale has transferred $10 million in tokenized U.S. Treasuries as collateral through DTCC's tokenization service.

Salim Nemouchi, Head of Global Equities, Americas at Société Générale, said the transaction demonstrates that tokenized collateral can be transferred between market participants. Canton Network said the service will initially focus on U.S. Treasuries held by DTCC members and custodied at DTC.

Source: TechFlow