DRW and Marex Complete First OTC Swap on Tokenized Index via Canton Network
The landmark transaction marks the first OTC swap referencing a fully tokenized index on the Canton Network.
The landmark transaction marks the first OTC swap referencing a fully tokenized index on the Canton Network. Canton (CC) is trading at $0.1299, up 1.0% since this brief published. This is an original Token Times brief synthesising 2 outlets (Crypto Economy, The Block), plus live market data, as of Tue, 13 Oct 2026 17:00:01 UTC.
This development demonstrates the growing integration of tokenized assets with traditional financial instruments, showcasing the potential for blockchain technology to transform OTC derivatives markets by providing synchronized, transparent records of transactions.
- DRW and Marex executed the first OTC swap referencing a tokenized index on Canton Network.
- The transaction used Kaiko's tokenized S&P DJI iBoxx USD Liquid Investment Grade Index.
- Derivnex platform facilitated the swap using smart contracts for synchronized records.
- Canton Network's CC token price rose 5.07% following the announcement.
Both Crypto Economy and The Block confirm that DRW and Marex completed the first OTC swap referencing a fully tokenized index on the Canton Network using Kaiko's data. The transaction was facilitated by Derivnex, which utilized smart contracts to provide synchronized records for valuations and lifecycle events. While both outlets agree on these core facts, The Block provides a more concise summary without additional details about future functionality mentioned by Crypto Economy.
DRW and Marex have executed the first over-the-counter (OTC) swap referencing a fully tokenized index on the 
Canton Network, as reported by both Crypto Economy and The Block. The transaction utilized Kaiko's tokenized version of the S&P DJI iBoxx USD Liquid Investment Grade Index.
The swap was represented on the Derivnex platform as a smart contract, providing both counterparties with a synchronized record for valuations and lifecycle events. This approach demonstrates the potential for blockchain technology to enhance transparency and efficiency in OTC derivatives markets.
Crypto Economy notes that future functionality is expected to connect Derivnex positions, suggesting further integration of tokenized assets with traditional financial instruments. The Block, however, does not mention this detail, focusing instead on the immediate significance of the transaction.
The Canton Network, which facilitated the transaction, is a blockchain platform designed to support institutional applications. The successful execution of this OTC swap highlights the network's capability to handle complex financial instruments.
In the broader market context, the total crypto market cap stands at $2.88 trillion, with the overall market remaining relatively flat. 
Bitcoin has seen a modest 24-hour gain of 0.79%, while the Fear & Greed Index is at 57, indicating a state of 'Greed.' The Canton Network's native token (CC) experienced a 5.07% increase in the past 24 hours, reaching a price of $0.128575, though it is down 1.04% over the past week.
Since this brief published about 1 hour ago, Canton (CC) has moved from $0.1286 to $0.1299 — +1.01%.
The chart plots CC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 CC ≈ ₹13.57 (about $0.1299), up 7.1% over 24 hours. The rupee itself trades about 9.0% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 13, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
DRW and Marex Complete First OTC Swap on Tokenized Index via — questions & answers
What is the significance of this OTC swap?
It demonstrates the successful integration of tokenized assets with traditional financial instruments, showcasing blockchain's potential to transform OTC derivatives markets.
Which index was used in the swap?
The swap referenced the S&P DJI iBoxx USD Liquid Investment Grade Index, tokenized by Kaiko.
How did the Canton Network facilitate the transaction?
The Canton Network provided the blockchain infrastructure for the OTC swap, utilizing smart contracts on the Derivnex platform for synchronized records.
How much is 1 Canton worth in rupee today?
About ₹13.57 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.1299. The rupee price moves with both CC's US-dollar price and the USDT/INR rate; use our Canton in rupee page for any amount.
Has Canton's price moved since this brief was published?
CC is up 1.01% since this brief first published — trading at $0.1299 now versus $0.1286 at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Economy, The Block, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.