According to CoinMeta, Societe Generale used a DTCC tokenization service to transfer US Treasury bonds valued at 10 million dollars as collateral. Salim Nemouchi, the head of Societe Generale's Americas Global Equities business, stated that this transaction demonstrated that tokenized collateral can be transferred between market participants. Canton Network mentioned that the service initially focused on US Treasury bonds held by DTCC members and deposited with DTC.