First OTC Swap Transacted on Canton Network

The deal represents the first OTC derivative to reference a fully tokenized index on DLT.

• The first OTC swap referencing a fully tokenized index on DLT has been successfully transacted on the Canton Network.
• The deal involved S&P Dow Jones Indices, Kaiko, and Derivnex, with DRW and Marex as counterparties, using the iBoxx USD Liquid Investment Grade Index tokenized by Kaiko.
• This transaction showcases how benchmark data, licensing, and trade representation can be integrated within privacy-enabled infrastructure for institutional markets, demonstrating a more synchronized workflow for derivatives.

Topics: Asset types, Infrastructure providers, Blockchain usage, Financial instruments, Tokenization platforms, Ethereum evm l 1 s

Tags: #cantonnetwork #otcswap #tokenizedindex #derivatives #spdowjonesindices #kaiko #derivnex #distributedledgertechnology #institutionalmarkets #iboxxusdliquidinvestmentgradeindex

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