American Investment Manager Guggenheim is expanding its digital commercial letter offering through partnership with Ripple, underlining the increasing convergence between traditional finance and crypto-origin enterprises.
As part of the partnership, Guggenheim’s subsidiary, Guggenheim Treasury Services, will provide its American Treasury-supported fixed-Ay assets on XRP laser, according to this, according to this BloombergRipple will invest $ 10 million in property as part of cooperation.
Commercial paper products are fully supported by American Treasury with customized maturity options up to 397 days.
Replex’s executive Marcus Infanger told Bloomberg that the product could also be made available to buy Ripple using US dollar-peg stabeloin, RLUSD. since its Launch in DecemberThe circulating supply of RLUSD exceeds $ 350 million.
Ripple Partnership Gugneheim is not the first forest in the cryptocurrency sector. As The first was reported by cointelegraphGuggenheim tokens his $ 20 million commercial paper in September 2024 on the Etharium blockchain.
Connected: Dubai Regulator Greenlights Ripple’s RLUSD Stabecoin
Wall Street Eyes RWA Toknerization
Tokerization on Wall Street is gaining rapid speed, as major financial institutions recognize the benefits of enabling real -world assets (RWAS).
The most notable trends are the token of money market funds, which is exemplary by Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL)Franklin Templeton’s onchain US Government Money Fund, and Fidelity token US Dollar Money Market Fund.
Crypto-country companies are also wider to the property of tokens for a comprehensive investor Aadhaar.
As Coincidence reportThe German Tokanization Protocol Midas recently launched a token -leased treasury bill on Algorand Blockchain. Unlike Buidl, which requires a minimum investment of $ 5 million, no investment in the product of Midas is minimal, making it accessible to more investors.
Meanwhile, blockchain-centric venture firm Jump Crypto recently created one Unknown investment in securizationToken platform behind Buidl of Blackrock.
Securitize has deposited more than $ 4 billion in Onchain assets, with BUIDL accounting approximately $ 3 billion.
Connected: Blackrock ‘Buidl’ token fund triple in 3 weeks as bitcoin stalls
