S&P Dow Jones tokenizes US Treasury index

According to Cointelegraph, S&P Dow Jones Indices has tokenized its iBoxx U.S. Treasury indices on the Canton Network, an institutional blockchain supported by entities including Goldman Sachs. The move is significant for applying benchmark data, a key standard for financial products, to a blockchain system. This project, carried out in collaboration with digital asset data firm Kaiko, allows institutions to use real-time index data without complex licensing procedures. The market for tokenized U.S. Treasurys is currently valued at around $12.5 billion, making it the largest segment among all asset classes.