Societe Generale accepts $10 million tokenized government bond as collateral

Société Générale accepted $10 million in tokenized U.S. Treasury securities issued via DTCC’s tokenization service as eligible collateral on the Canton Network, with the bank’s Prime Services and clearing division completing the transaction. The Treasuries were transferred on-chain and reflected in SocGen’s existing back-office and collateral management systems under its governance, risk and control framework; the tokens represent existing U.S. government debt rather than newly issued bonds. The move matters as a bank-backed test of tokenized government debt as collateral in live workflows, linking DTCC-issued tokens with a major dealer’s collateral systems on Canton. Next, watch whether the collateral use expands beyond the initial $10 million pilot and whether other banks and clearinghouses adopt comparable tokenized-Treasury collateral arrangements.