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First OTC swap on tokenized S&P DJI iBoxx index completed on Canton Network, advancing institutional finance.

Market News
13 Oct 2026
PRNewsWire
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Bullish
First OTC swap on tokenized S&P DJI iBoxx index completed on Canton Network, advancing institutional finance.

S&P Dow Jones Indices, Kaiko, and Derivnex completed the first over-the-counter (OTC) swap transaction referencing a fully tokenized S&P DJI iBoxx USD Liquid Investment Grade Index on the Canton Network. This transaction, executed between DRW and Marex on Derivnex's platform, demonstrates how institutional derivatives can be managed on blockchain infrastructure, improving transparency, synchronization, and lifecycle management of trades. The tokenized index integrates benchmark data, licensing, and valuation within a privacy-enabled distributed ledger, setting a new standard for institutional finance workflows. Future developments aim to connect these trades with digital cash and collateral on the same platform, enhancing efficiency and control in OTC derivatives markets.

The first on-chain OTC swap referencing a tokenized benchmark was executed by S&P Dow Jones Indices, Kaiko, DRW, and Marex. For readers following Financials-sector US stocks on Pluang, here is the market snapshot as of Oct 13, 2026 18:41 WIB: out of 118 priced stocks, 82 rose and 27 fell. Notable movers include Morgan Stanley (MS) at USD 193.35 with a 1-day change of +1.75% and a typical hold time of 91 days, UBS Group AG (UBS) at USD 48.62 with a +1.66% change and a typical hold time of 3 days, and TeraWulf Inc (WULF) at USD 13.15 with a -1.65% change and a typical hold time of 18 days.

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