Guggenheim May Expand Treasury-Backed Fixed-Income Offering on XRP Ledger Through Ripple Partnership
The post Guggenheim May Expand Treasury-Backed Fixed-Income Offering on XRP Ledger Through Ripple Partnership appeared on BitcoinEthereumNews.com.
Guggenheim Treasury Services is pioneering the integration of traditional fixed-income assets with blockchain technology by launching a US Treasury-backed commercial paper on the XRP Ledger. This strategic partnership with Ripple not only expands Guggenheim’s digital asset offerings but also highlights the increasing synergy between established financial institutions and crypto-native platforms. According to Markus Infanger, RippleX executive, the commercial paper could soon be purchased using Ripple’s stablecoin RLUSD, which has rapidly grown to a $350 million circulating supply since its December launch. Guggenheim and Ripple collaborate to tokenize US Treasury-backed commercial paper on the XRP Ledger, signaling a new era for real-world asset tokenization and digital finance. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Guggenheim’s Treasury-Backed Commercial Paper on XRP Ledger Accelerates RWA Adoption Guggenheim Treasury Services is breaking new ground by offering a US Treasury-backed fixed-income product on the XRP Ledger, marking a significant milestone in the tokenization of real-world assets (RWAs). This commercial paper, fully collateralized by US Treasurys with maturities up to 397 days, leverages blockchain’s transparency and efficiency to modernize traditional fixed-income markets. The partnership with Ripple includes a $10 million investment from Ripple itself, underscoring confidence in the product’s potential to reshape digital finance. By utilizing the XRP Ledger, Guggenheim aims to provide investors with faster settlement times and enhanced liquidity compared to conventional fixed-income instruments. The option to purchase the commercial paper using…
