Global investment firm Guggenheim Treasury Securities has issued its first digital commercial paper (DCP) on the ethereum platform, as the tokenization of financial instruments on the blockchain gains momentum among traditional financial giants.
Commercial paper is a type of short-term debt instrument that companies sell to raise funds. Unlike other debt instruments such as bonds and loans, it is neither collateralized nor guaranteed.
Amp. Fi Digital, a #blockchain platform for issuing, trading and managing digital assets, issued $20 million worth of commercial paper in Ethereum tokens to Guggenheim, developer Zeconomy said Thursday.
the Zeconomy data, the issuance of the tokenized real asset follows the U. S. federal regulator's spot approval of a #bitcoin #ETF earlier this year, a watershed event that has stimulated traditional financial titans' appetite for blockchain-based digital assets.
paranoid bitcoin investors are increasingly convinced that the relationship between Coinbase, the largest U. S. cryptocurrency exchange, and BlackRock, the world's largest asset manager, may not be entirely fair In March, just two months after the ETF was approved in the U. S. , a new report emerged. Inflows into the Spot Bitcoin ETF fund pushed the price of BTC to all-time highs, but today, with billions of dollars flooding into the market and bitcoin buyers in disarray, prices should be much higher...
Moody's Investor Service gave Guggenheim its highest rating of P-1.
As evidenced by ETF endorsements and the rise of tokenization, there is a huge demand for these digital assets, and we want to empower our partners to be at the forefront of this transformational moment in the financial industry, Zeconomy CEO Giacinto Cosenza said Thursday.
the launch of DCPs on Ethereum is the latest example of tokenization of real assets on the blockchain, which is a growing trend, and, according to RWA. xyz, as institutional interest in this digital asset class grows, the total market value of tokenized government bonds, such as U. S. Treasuries, has reached $2 billion. surpassed the $ 2 billion mark.
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