Guggenheim Issues Digital Commercial Paper (DCP) on XRP Ledger

PANews reported on June 10 that according to CoinDesk, Guggenheim Treasury Services announced that it would issue the first native digital commercial paper (DCP) on XRP Ledger through the Zeconomy platform, and has completed a cumulative issuance of over US$280 million. The note is guaranteed by US Treasury bonds and has a Moody's Prime-1 short-term credit rating. It is only open to qualified institutional investors and supports a custom maturity date of up to 397 days. Ripple said that this deployment marks that the real asset chain (RWA) is entering the large-scale application stage, and will continue to support the expansion of institutional-level asset issuance and circulation through XRPL.

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Author: PA一线

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