Guggenheim is expanding its digital commercial paper offering by partnering with Ripple, marking a significant intersection of traditional finance and cryptocurrency. Guggenheim Treasury Services will make its US Treasury-backed fixed-income product available on the XRP Ledger, with Ripple investing $10 million into the asset. The commercial paper is entirely backed by US Treasurys, providing maturity options up to 397 days. RippleX's Markus Infanger indicated that purchases could potentially be made with Ripple's US dollar-pegged stablecoin, RLUSD, which has a circulating supply exceeding $350 million. This partnership follows Guggenheim’s earlier tokenization of a $20 million commercial paper offering on the Ethereum blockchain in September 2024. The tokenization of real-world assets (RWAs) is rapidly gaining traction on Wall Street, as various financial institutions seek to enable easier trading of these assets. Tokenized US Treasurys have amassed significant value, demonstrating growing investor interest in blockchain-based asset offerings.

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