POPA ReconDRW and Marex Trade First Onchain S&P Index Swap
DRW and Marex Trade First Onchain S&P Index Swap DRW and Marex executed a swap onchain on Derivnex, the first OTC derivative tied to a fully tokenized index: S&P DJI's iBoxx USD Liquid Investment Grade Index on Canton. Kaiko tokenized the index with access rules that keep S&P DJI's licensing controls, and supplies the official values used to price the position. Derivnex runs the trade as a Canton smart contract, so both firms share one synced record. The trade size was not disclosed. Next, Derivnex plans to link swap positions with digital cash and collateral on Canton, so margin and paymen…
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