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Société Générale Accepts $10 Million in DTCC-Tokenized Treasuries as Collateral

(6 hours ago) · 1 source · Summarized by CryptoBipto

Société Générale, one of Europe's largest banks, has accepted $10 million in tokenized U.S. Treasuries from the DTCC (Depository Trust and Clearing Corporation) as collateral. This marks a notable step in the use of blockchain-based representations of traditional financial assets in mainstream banking operations.

WHY IT MATTERS

When banks lend money or make trades, they often require collateral — something of value pledged as a guarantee.

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SOURCES

  • thedefiant.io

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