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 […]
S&P Dow Jones Indices, Kaiko, and Derivnex completed the first privately negotiated financial swap on Canton Network, a blockchain built for large financial institutions. Trading firms DRW and Marex executed the transaction using a bond index that Kaiko had tokenized. The milestone shows institutional adoption of blockchain for traditional derivatives, which could support broader tokenization narratives and indirectly benefit crypto market confidence.
