#cc ⚡️ S&P Global used the Canton Network blockchain for the first time in a financial derivatives transaction.
Trading firms DRW and Marex executed a transaction linked to the S&P corporate bond index.
Kaiko pre-tokenized the index, and the transaction itself was executed as a smart contract.
This is the first time a fully tokenized index has been used in such a transaction. In the future, the participants plan to conduct cash settlements and manage collateral directly through the Canton Network.
Trading firms DRW and Marex executed a transaction linked to the S&P corporate bond index.
Kaiko pre-tokenized the index, and the transaction itself was executed as a smart contract.
This is the first time a fully tokenized index has been used in such a transaction. In the future, the participants plan to conduct cash settlements and manage collateral directly through the Canton Network.