U.S. Investment FirmTaps Ripple To Expand Digital Debt Offering, Treasury-Backed Asset Launches On XRPL
Guggenheim Treasury Services, a subsidiary of Guggenheim Capital, has expanded its tokenized U.S. Treasury-backed Digital Commercial Paper (or DCP) offering to Ripple’s XRP Ledger, following its initial launch on Ethereum back in September 2024.
The partnership includes a $10 million investment from Ripple and enables purchases using Ripple’s RLUSD stablecoin.
Issued by Zeconomy and rated Prime-1 by Moody’s, the DCP benefits from XRPL’s low-cost, fast settlement infrastructure.
Sources: The Block and Cointelegraph
102
14.82K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.