According to Wu Blockchain, S&P Dow Jones Indices, Kaiko, and Derivnex announced that Canton Network has completed its first over-the-counter (OTC) swap transaction. The trade was executed by trading firm DRW and financial services group Marex via the Derivnex platform. This transaction is tied to the iBoxx USD Liquid Investment Grade Bond Index, tokenized by Kaiko on the Canton Network, marking the first OTC derivatives trade based on a fully tokenized index. The trade terms were recorded as a smart contract on the Canton Network, enabling both parties to share valuation and trade lifecycle data. Future plans include further integration of on-chain cash and collateral to enable on-chain processing of margin and contract payments. https://www.(wublock123.com)/news/canton-network-lands-first-otc-derivatives-trade-tokenized-index-69989