Can Atomic Swaps Be Used for Exchanging a Cryptocurrency for a Tokenized Derivative?
Yes, theoretically. As long as the tokenized derivative (e.g. a token representing a futures contract) is on a blockchain that supports HTLCs, an atomic swap can facilitate the exchange.
The derivative token acts as one asset, and the cryptocurrency acts as the other. This allows for peer-to-peer trading of tokenized financial products across different chains without a central intermediary.