DRW and Marex Execute First On-Chain OTC Swap Referencing Tokenized S&P iBoxx Index
Product·2 articles across 2 outlets·◆ Primary source
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S&P Dow Jones Indices and Kaiko have enabled the first on-chain OTC swap referencing a tokenized benchmark. This swap was executed by DRW and Marex on the Derivnex platform using data from Kaiko.
The transaction marks a significant milestone in the integration of blockchain technology with traditional financial instruments, showcasing the capabilities of the Canton Network.
S&P Dow Jones IndicesKaikoDRWMarexDerivnex
Sources
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SourceReports the news
“S&P Dow Jones Indices and Kaiko Enable First On-chain OTC Swap Referencing a Tokenized Benchmark, Executed by DRW and Marex on Derivnex”
SEC Filing — S&P Dow Jones Indices and Kaiko Enable First On-chain OTC Swap Referencing a Tokenized Benchmark, Executed by DRW and Marex on Derivnex“DRW and Marex completed the first OTC swap referencing a fully tokenized index on Derivnex via the Canton Network, with Kaiko data.”
the block — DRW and Marex complete OTC swap referencing tokenized S&P iBoxx Index