Dow Jones Indices, DRW and Marex Bring Wall Street Swaps to Canton

S&P Dow Jones Indices, Kaiko, and Derivnex have completed what they describe as the first privately negotiated financial swap on Canton Network, a blockchain designed for large financial institutions. Trading firms DRW and Marex carried out the transaction using a bond index that Kaiko had converted into a digital token. On Tuesday, S&P Dow Jones Indices reported that the firms leveraged blockchain technology, specifically the Canton Network, to conduct a traditional Wall Street derivatives transaction.