S&P Dow Jones Indices has tokenised its iBoxx US Treasurys Index on the Canton Network, enabling institutional users to access a key bond benchmark as a digital asset rather than through traditional data feeds.
The move, announced Tuesday, was executed in partnership with Kaiko, which provides the infrastructure to issue and distribute the index onchain to financial institutions building blockchain-based products.
The iBoxx US Treasurys Index tracks the performance of US government bonds across maturities and is widely used by institutional investors as a benchmark for fixed-income markets.
The tokenised version is not investable but allows institutions to integrate real-time index data, pricing, and analytics directly into blockchain systems with embedded permission controls.
S&P will retain control over access rights while Kaiko supports the technical framework, with both firms indicating the model could expand to additional indices as blockchain adoption grows, .
The initiative reflects a broader trend of bringing financial infrastructure onchain, particularly as US Treasurys increasingly serve as collateral in digital asset markets and tokenised finance ecosystems.
Industry data shows more than $12.5 billion in US Treasurys have already been tokenised, reinforcing their emerging role as a foundational asset for institutional activity in blockchain-based financial systems.