DeFi· ★★★· bullish·

S&P DJI, Kaiko and Derivnex Complete First On-chain OTC Swap on a Tokenized Index

  • —The trade was executed on institutional OTC platform Derivnex between DRW and Marex
  • —The underlying is Kaiko's tokenized iBoxx USD Liquid Investment Grade Index on Canton
  • —It is the first OTC derivative referencing a fully tokenized index on distributed ledger infrastructure
  • —Derivnex uses the Common Domain Model to represent the trade and its lifecycle events
Why it matters: The deal shows tokenized benchmarks and derivatives moving from pilots into live institutional transactions on Canton.
Source: PR Newswire Blockchain
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