S&P Dow Jones Indices and Kaiko bring iBoxx US Treasuries index onchain for first time

S&P Dow Jones Indices, a division of S&P Global, partnered with Kaiko to bring the iBoxx US Treasuries Index onto the Canton Network, marking the first time a major financial benchmark has been issued as a native blockchain asset. This index is issued as a non-fungible token (NFT) that embeds data distribution, licensing, and permissioning directly into its structure, although it is not a tradeable instrument. Authorized institutional users gain access to end-of-day and intraday data, corporate actions, and automated compliance features via this single token, streamlining operations. S&P DJI's Cameron Drinkwater noted that the rising use of US Treasuries as onchain collateral is driving the need for high-quality index data directly accessible on blockchain networks. Kaiko CEO Ambre Soubiran emphasized that this tokenized asset fundamentally changes the economics for building index-linked products on distributed ledger networks by integrating compliance and licensing directly.

(Source：Crypto Briefing)