On the 13th, S&P Dow Jones Indices, known for providing indices such as the S&P 500, along with Kaiko and Derivnex, announced the completion of the first OTC swap trade on the decentralized ledger-based Canton network. This marks the first OTC derivative to reference a fully tokenized index.
The OTC swap executed involved negotiating terms directly between parties without going through an exchange, allowing for tailored agreements on returns and other conditions...
