Financial services firm Guggenheim launches tokenized commercial paper at XRP Ledger

Financial services firm Guggenheim Treasury Services announced the launch of Digital Commercial Paper (DCP) on Ripple's XRP Ledger, providing institutional investors with access to short-term debt instruments through a decentralized financial network. The product, backed by U.S. Treasury bonds, will leverage the 24/7 trading, fast settlement and low-cost trading benefits of the XRP Ledger. As part of the partnership, Ripple will invest $10 million in the DCP project.