ChainCatcher report: According to Canton Network, Société Générale has transferred $10 million worth of tokenized U.S. Treasuries as collateral via DTCC’s tokenization service.
Salim Nemouchi, Head of Global Equities for Société Générale Americas, said the transaction demonstrates how tokenized collateral can be transferred among market participants. Canton Network stated that, initially, the service will focus on U.S. Treasuries held and custodied at DTC by DTCC members.
Société Générale transfers $10 million in tokenized U.S. Treasuries as collateral via DTCC service
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Summary
Société Générale transferred $10 million in tokenized U.S. Treasuries as collateral via DTCC’s tokenization service, according to Canton Network. Salim Nemouchi, the bank’s global head of equity for the Americas, said the move demonstrates how tokenized assets can be exchanged between participants. The service currently supports U.S. Treasuries held by DTCC members and custodied at DTC. The network upgrade enables faster and more efficient collateral transfers. As global crypto policy evolves, such transactions may become more common.
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