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20 USDT
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Guggenheim launches digital commercial notes on the XRP ledger, Ripple invests 10 million USD.
On June 10, according to reports, financial services company 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 Finance network. The product is backed by U.S. Treasury securities and will leverage the 24/7 trading, fast Settlement, and low-cost trading advantages of the XRP Ledger. As part of the collaboration, Ripple will invest $10 million in the DCP project.