S&P Dow Jones Indices and Kaiko have launched the iBoxx U.S. Treasuries Index as a native digital asset on the Canton Network, marking the first time a leading financial benchmark exists as a blockchain token. Licensed institutions hold a single programmable token that provides direct, real-time access to official index levels and prices.

The programmable token automates data distribution and enforces licensing rules via smart contracts, cutting out daily reconciliation processes and reducing operational costs. Intellectual property protections remain intact, ensuring S&P Dow Jones Indices retains control over data access and usage rights.

Selecting the iBoxx U.S. Treasuries Index—viewed as the base collateral layer of global markets—positions the firm to capture growing demand for onchain market infrastructure. This innovation could unlock new revenue streams from blockchain-based distribution services and accelerate adoption among banks and asset managers.