DRW and Marex have completed an over-the-counter (OTC) total return swap on the Canton Network using a tokenised S&P DJI investment-grade credit index.

S&P Dow Jones Indices (S&P DJI), Kaiko and Derivnex have completed what they describe as the first OTC swap referencing a fully tokenised index on distributed ledger infrastructure. The platform expects future functionality to link managed positions with digital cash and collateral on Canton The transaction was executed by DRW and Marex on Derivnex, an institutional OTC derivatives platform built on the Canton Network. It references S&P DJI's iBoxx USD Liquid Investment Grade Ind