Guggenheim launches digital bonds on the XRP blockchain.
Commercial papers backed by U.S. bonds and rated Prime-1 by Moody’s are now available on the XRP Ledger. They are issued by the Zeconomy platform managed by Guggenheim Treasury Services, a subsidiary of Guggenheim Capital.
The new instrument is aimed at institutional investors, offers custom terms up to 397 days, and is another example of the tokenization of real assets on a public blockchain.