Financial services firm Guggenheim Treasury Services announces launch of digital commercial paper on Ripple’s XRP Ledger

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On June 10, according to TheBlock, Guggenheim Treasury Services announced the launch of digital commercial paper on Ripple's XRP Ledger, providing institutional investors with the opportunity to use short-term debt instruments through a decentralized financial network. The product is backed by U.S. Treasury and will leverage the XRP Ledger's advantages of 24/7 trading, fast settlement, and low-cost transactions. As part of the collaboration, Ripple will invest $10 million in the DCP project.

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