🔥BOMBSHELL🔥
🚀S&P, creator of the world’s most FAMOUS INDEX (S&P 500), is now trading DERIVATIVES on #blockchain
🎯 S&P Dow Jones Indices completed its first onchain derivatives swap: a contract between DRW and Marex, two trading giants, that tracks an S&P corporate bond index tokenized on the Canton network.
🎯Both parties share the same blockchain ledger, with no intermediaries or manual reconciliations.
🎯 OTC derivatives are one of the largest markets in institutional finance, yet they still operate on fragmented systems.
📍In March, S&P had already brought the S&P 500 to Hyperliquid: now traditional finance isn’t just watching blockchain—it’s using it. $CC #Market_Update
🚀S&P, creator of the world’s most FAMOUS INDEX (S&P 500), is now trading DERIVATIVES on #blockchain
🎯 S&P Dow Jones Indices completed its first onchain derivatives swap: a contract between DRW and Marex, two trading giants, that tracks an S&P corporate bond index tokenized on the Canton network.
🎯Both parties share the same blockchain ledger, with no intermediaries or manual reconciliations.
🎯 OTC derivatives are one of the largest markets in institutional finance, yet they still operate on fragmented systems.
📍In March, S&P had already brought the S&P 500 to Hyperliquid: now traditional finance isn’t just watching blockchain—it’s using it. $CC #Market_Update