StocksMedium•13 October 2026•
1 min read
DRW and Marex Execute First On-chain OTC Swap for iBoxx Index
Key Facts
1DRW and Marex completed the first OTC swap transaction on the Canton Network referencing the tokenized iBoxx USD Liquid Investment Grade Index.
2The trade was executed on Derivnex, an institutional OTC derivatives platform built on blockchain technology.
DRW and Marex completed the first OTC swap transaction on the Canton Network referencing the tokenized iBoxx USD Liquid Investment Grade Index. PR Newswire reported that the trade was executed on Derivnex, an institutional platform designed for managing the lifecycle of OTC derivatives built on blockchain technology.
Marex Group plc (MRX) closed at $72.29 on October 12, 2026, with a daily range between $71.35 and $73.16. This transaction, involving S&P Dow Jones Indices and Kaiko, serves as a practical demonstration of how traditional OTC derivatives can be represented and managed on distributed ledger infrastructure.