Derivnex Launches Industry-First OTC Swap on Canton with DRW and Marex

Derivnex Launches Industry-First OTC Swap on Canton with DRW and Marex

/PRNewswire/ -- Derivnex and Canton today announced the completion of the first OTC swap transaction on Canton, marking the launch of Derivnex's platform for...

First OTC Swap Transacted on Canton Network

The deal represents the first OTC derivative to reference a fully tokenized index on DLT.

Dow Jones Indices, DRW and Marex Bring Wall Street Swaps to Canton - Invest In Crypto News

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Ripple Custody Gains Spotlight as S&P Dow Jones Executes First On-Chain Index Swap on Canton

Summary S&P Dow Jones Indices completed its first blockchain derivatives trade on Canton Network, involving DRW and Marex through Derivnex platform. Ripple Custody introduced Canton Network support, allowing financial institutions to manage Canton Coin and CIP assets while maintaining security controls. Canton Network participants plan to expand derivatives processing through blockchain settlements and collateral management, despite concerns sur…

DRW, Marex Execute First On-Chain OTC Swap Tied to Tokenized Benchmark

Trading firms DRW and Marex have completed the first over-the-counter swap on the Canton Network, using a tokenized S&P Dow Jones Indices credit benchmark as the reference for a derivatives trade managed on blockchain infrastructure. The total return swap was executed through Derivnex, an institutional derivatives platform built on Canton, and references the iBoxx USD Liquid Investment Grade Index. Kaiko tokenized the benchmark and supplied sign…

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. Wall Street Derivatives Meet Blockchain […]