DRW and Marex Execute Bond Index Swap on Canton Network
S&P Dow Jones Indices, Kaiko and Derivnex reported a privately negotiated swap on Canton, with DRW and Marex trading against a tokenized bond index.
DRW and Marex executed a privately negotiated financial swap on Canton Network, according to an announcement from S&P Dow Jones Indices, Kaiko and Derivnex.
The transaction used a bond index that Kaiko had represented as a digital token. The firms described the deal as the first privately negotiated financial swap completed on Canton.
Canton is a blockchain built for large financial institutions. The transaction brings a conventional derivatives instrument onto that infrastructure, using a tokenized index as its reference.
Source: Bitcoin.com News
