Guggenheim is expanding its digital commercial paper offering through a partnership with Ripple, highlighting the blending of traditional finance with crypto. Guggenheim Treasury Services will feature a US Treasury-backed fixed-income asset on the XRP Ledger, with Ripple investing $10 million in the asset. This commercial paper product offers customized maturity options of up to 397 days. RippleX's Markus Infanger noted that purchases could be made using Ripple's stablecoin, RLUSD, which has a circulating supply exceeding $350 million. This collaboration follows Guggenheim's earlier move to tokenize a $20 million commercial paper offering on the Ethereum blockchain. The trend of tokenization is growing on Wall Street, with significant institutions recognizing the benefits of trading real-world assets on-chain. The tokenization of US Treasurys has surpassed $7 billion in value, showing increasing interest in blockchain-based asset management.

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