First On-chain OTC Swap for iBoxx Index Executed on Canton Network

Key Facts

1S&P Dow Jones Indices, Kaiko, and Derivnex completed the first privately negotiated financial swap on the Canton Network blockchain.

2Trading firms DRW and Marex executed the transaction using a bond index tokenized by Kaiko.

S&P Dow Jones Indices, Kaiko, and Derivnex completed the first privately negotiated financial swap on the Canton Network blockchain. According to news.bitcoin.com, trading firms DRW and Marex executed the transaction using a bond index tokenized by Kaiko, demonstrating the feasibility of institutional-grade derivatives trading on a private, interoperable network.

Marex stock (MRX) closed at $72.29 on October 12, 2026, after reaching a day high of $73.16 and a low of $71.35. The transaction highlights how established benchmark infrastructure can support new institutional market structures while meeting strict privacy and regulatory requirements through specialized blockchain frameworks.