Societe Generale uses $10 million in tokenized US Treasuries as collateral.

On November 3, according to disclosures from Canton Network, Société Générale transferred $10 million worth of tokenized U.S. Treasuries as collateral via the DTCC tokenization service.

Salim Nemouchi, Head of Americas Global Equity at Société Générale, stated that the transaction demonstrated that tokenized collateral can be transferred between market participants. Canton Network noted that the service initially focuses on U.S. Treasuries held by DTCC members and deposited at the DTC.