XRP LEDGER UNSTOPPABLE!
$280 MILLION asset backed by U.S. Treasury Bonds COMES to XRPL
Is the FUTURE of TRADITIONAL FINANCE on the Blockchain?
The #xrp Ledger (XRPL), the public blockchain known for its efficiency in the tokenization of real-world assets, has just taken a giant leap. Digital Commercial Paper (DCP), a fixed-income asset secured by U.S. Treasury bonds and rated the highest (Prime-1) by Moody's, is now active on XRPL.
Institutional Management: Managed by Guggenheim Treasury Services, one of the largest independent commercial paper platforms in the world, giving it significant institutional backing.
Tokenization and Issuance: DCP is tokenized, issued, and managed through the Zeconomy platform, leveraging XRPL's capabilities.
"We are at a turning point where tokenization is evolving from experimentation to production in global financial markets," said Markus Infanger, Senior Vice President of RippleX, in a prepared statement.
Institutions are no longer asking whether blockchain technology can support regulated financial products, but how to implement them at scale. The creation of DCP is an excellent example of this shift and expands the offering of institutional financial assets coming to XRPL, Infanger added.
#Ripple will invest in DCP as part of its broader effort to bring real-world institutional assets to XRPL.
This is based on Ripple's investment in tokenized U.S. Treasury bonds through projects like OUSG from #ONDO and #Archax and the abrdn money market fund.