S&P Dow Jones Indices and Kaiko Enable First On-chain OTC Swap Referencing a Tokenized Benchmark, Executed by DRW and Marex on Derivnex
S&P Dow Jones Indices, Kaiko and Derivnex announced completion of the first OTC swap transaction on the Canton Network. The total return swap was executed on Derivnex between DRW and Marex and references S&P DJI’s tokenized iBoxx USD Liquid Investment Grade Index.
Why it matters — Marex was one of the counterparties in this reported transaction, which used an on-chain tokenized benchmark.