DRW, Marex Execute First On-Chain OTC Swap Tied to…
By Abdelaziz Fathi
Source excerpt · FinanceFeeds
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…