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- Major DCP The Emitter Guggenheim is launching a digital business document supported by the US Treasury on the Ledger XRP.
- When it was launched on Ethereum, Guggenheim issued $ 20 million DCP, which obtained the highest credit note in Moody’s, P-1.
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Guggenheim Treasury Services, one of the most important and most respected commercial document issuers, brings its digital commercial book (DCP) to the channel (DCP) to XRP LEDGER, according to a new Bloomberg report.
Initially launched on Ethereum last September, DCP is a form of commercial paper powered by the blockchain, also known as short -term fixed income instruments. Companies publish the commercial document when they must collect rapid species for their immediate operational needs, such as payroll or other short -term financial obligations.
Since Guggenheim began to offer DCP on Ethereum, he treated more than $ 280 million in broadcast, as indicated in the report. For a new tokenized financial product, the number indicates that there are authentic and considerable interests on the part of institutional investors in these assets based on blockchain.
The DCP product is entirely supported by US Treasury obligations at maturity and offered daily via the Zeconomy platform to personalized deadlines up to 397 days. When he was launched on Ethereum, he received a credit note from Moody’s P-1.
Markus Infanger, Vice-President Director of Ripplex, said that Ripple would invest $ 10 million in the DCP product and explore its use for payments, including potential purchases with the stablecoin of Ripple.
As of June 9, the total value locked on the XRPL amounted to approximately $ 61 million, a quadruple increase compared to $ 14 million last September, after the developments of the Ripple legal battle with the dry, according to Defillama data.
The large XRP book currently represents a small part of the landscape of token workers, with around $ 117 million in tokenized assets, excluding stablecoins, according to data from Rwa.xyz.
Ethereum remains the forerunner of the real token of the world (RWA), the Buidl fund of BlackRock being a major engine of its growth.
The total evaluation of the RWA tokenization exceeded $ 23 billion, up more than 45% so far this year, while the number of asset holders has increased by 65%.
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