Guggenheim Treasury Services, a financial services company, launches digital commercial paper on the XRP Ledger

BlockBeats News, June 10, according to a report by The Block, financial services company Guggenheim Treasury Services announced the launch of digital commercial paper (DCP) on Ripple's XRP Ledger, offering institutional investors the opportunity to leverage short-term debt instruments through a decentralized financial network. The product is backed by U.S. Treasury securities and will take advantage of XRP Ledger’s 24/7 trading, rapid settlement, and low transaction cost features. As part of the collaboration, Ripple will invest $10 million in the DCP project.

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