Financial services company Guggenheim launches tokenized commercial paper on the XRP Ledger

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