Guggenheim Major U.S. Financial Firm to Issue Digital Bonds on XRP Ledger

According to a Bloomberg report on the 10th, Guggenheim Treasury Services (GTS), a major Wall Street financial firm, has partnered with cryptocurrency company Ripple to begin issuing Digital Commercial Paper (DCP) on the XRP Ledger. The company had successfully launched its first digital bond product on Ethereum in September last year, and this new initiative represents an expansion of that effort.

Ripple plans to invest $10 million in Guggenheim's DCP program. According to Marcus Infanger of RippleX, the company is exploring the use of DCP in payment applications and Ripple's strategic...