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DRW and Marex settle OTC total return swap tied to tokenized iBoxx index
The swap runs on Derivnex’s Canton-based platform, where Kaiko tokenized the iBoxx benchmark and supplied official index values for valuation.
DRW and Marex completed an over-the-counter total return swap that references a fully tokenized S&P iBoxx USD Liquid Investment Grade Index, according to The Block.
The transaction was executed on Derivnex’s Canton Network platform, with Kaiko tokenizing the benchmark and providing official index values used for ongoing trade valuation.
S&P Dow Jones Indices said the deal demonstrates how blockchain infrastructure could connect benchmark data, licensing, and derivatives management in a single workflow.
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