5 days ago
Guggenheim Expands Crypto Foray With Ripple Debt Product Tie-Up
After a successful rollout of its first digital ledger-linked debt offering, Guggenheim Treasury Services is expanding the product in a tie-up with crypto firm Ripple.
The digital commercial paper offering will now be available on XRP Ledger, a public blockchain affiliated with Ripple. For its part, Ripple will invest $10 million into the US Treasury-secured fixed income asset, RippleX's Markus Infanger said in an interview. Ripple is also exploring using the product for payments, and considering making it available for purchases with Ripple's stablecoin, the RippleX senior vice president added.
