The transaction is a total return swap, with DRW acting as counterparty and Marex as the swap provider, referencing the iBoxx USD Liquid Investment Grade Index, tokenised on Canton by Kaiko for the trade
CIP-0113 can be used by issuers of stablecoins, tokenised funds, bonds, and other regulated assets to build compliance rules directly into their tokens
S&P says the transaction will expand its risk assessment capabilities into the onchain technology risk layer, utilising OpenZeppelin’s security assessment and secure development services
The Common Supervisory Action will assess the maturity of Crypto-Asset Service Providers’ digital operational resilience frameworks in relation to custody activities
The firm says they are the first tokenised fund products to be provided with a privacy wrapper on public blockchain infrastructure, and offered built-in, hardware-enforced privacy
Industry
