S&P Dow Jones Indices, Kaiko complete first on — chain OTC swap tied to tokenized iBoxx credit index

S&P Global’s S&P Dow Jones Indices partnered with Kaiko and Derivnex to complete the first on-chain OTC swap on Canton. Total return swap executed between DRW and Marex on Derivnex referenced the tokenized iBoxx USD Liquid Investment Grade Index. Kaiko tokenized the index on Canton, embedding access permissions and usage rules to preserve S&P DJI licensing and IP controls. Derivnex represented the trade as a Canton smart contract, giving counterparties a synchronized record for valuation across the lifecycle. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. S&P Global Inc. published the original content used to generate this news brief via (Ref. ID: NY70534) on October 13, 2026, and is solely responsible for the information contained therein. (C)