DRW and Marex Execute First OTC Swap on Canton Using a Tokenized S&P Bond Index
Oct 13 2026 16:11 UTC - Generation Infinity
Derivnex, DRW, and Marex completed the first OTC swap on Canton, a total return swap tied to a Kaiko-tokenized S&P iBoxx investment grade index.
➤ DRW and Marex executed the first OTC swap on the Canton Network, referencing a tokenized S&P iBoxx investment grade index, marking a significant step in institutional blockchain adoption for derivatives.
➤ The trade utilized Derivnex's platform, which aims to streamline OTC derivatives lifecycle management by using a shared ledger and the Common Domain Model (CDM) to reduce reconciliation and manual processing.
➤ While the trade demonstrates operational improvements through synchronized records, key terms like notional value and maturity remain undisclosed, with future plans including digital cash and collateral integration on Canton.
Read more at: https://rwatimes.io/articles/genfinity-drw-and-marex-execute-first-otc-swap-on-canton-using-a-tokenized-s-p-bond-index-2374379072?utm_source=binance
Oct 13 2026 16:11 UTC - Generation Infinity
Derivnex, DRW, and Marex completed the first OTC swap on Canton, a total return swap tied to a Kaiko-tokenized S&P iBoxx investment grade index.
➤ DRW and Marex executed the first OTC swap on the Canton Network, referencing a tokenized S&P iBoxx investment grade index, marking a significant step in institutional blockchain adoption for derivatives.
➤ The trade utilized Derivnex's platform, which aims to streamline OTC derivatives lifecycle management by using a shared ledger and the Common Domain Model (CDM) to reduce reconciliation and manual processing.
➤ While the trade demonstrates operational improvements through synchronized records, key terms like notional value and maturity remain undisclosed, with future plans including digital cash and collateral integration on Canton.
Read more at: https://rwatimes.io/articles/genfinity-drw-and-marex-execute-first-otc-swap-on-canton-using-a-tokenized-s-p-bond-index-2374379072?utm_source=binance