PANews reported on June 10th that according to CoinDesk, Guggenheim Treasury Services announced the issuance of the first native digital commercial paper (DCP) on the XRP Ledger through the Zeconomy platform, with a cumulative issuance volume exceeding $280 million. The note is backed by U.S. Treasury and has received a Moody's Prime-1 short-term credit rating, open only to qualified institutional investors, supporting a customizable maturity of up to 397 days. Ripple stated that this deployment marks the entry of real-world assets (RWA) into the large-scale application stage and will continue to support the expansion of institutional-level asset issuance and circulation through XRPL.
Guggenheim Issues Digital Commercial Paper (DCP) on XRP Ledger
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