S&P Completes First Onchain OTC Derivatives Swap Involving its Tokenized Index on Canton

HIGHLIGHTS S&P Dow Jones Indices announced the completion of the first onchain OTC derivative swaps. The transaction was executed on the Canton network between DRW and Marex. The transaction referenced S&P's tokenized index. The first onchain OTC derivatives swap has been executed on the Canton network involving the S&P's tokenized index. Trading firms DRW and Marex notably executed the transaction, while crypto firm Kaiko tokenized the index on the Canton network.