Guggenheim Partners has partnered with blockchain platform Zeconomy to issue $20 million in tokenised commercial paper on the Ethereum blockchain. This move signifies a strategic expansion into the burgeoning real-world asset (RWA) tokenisation sector, which has seen significant growth, now boasting over $12 billion in tokenised assets, including $2 billion in U.S. treasuries, according to RWA.XYZ.
Guggenheim, managing $300 billion in assets, previously had 10% of its portfolio in Bitcoin via the Grayscale Bitcoin Trust, which converted to a Spot Bitcoin ETF in January. This latest initiative aligns with the industry's upward trajectory, attracting major players like BlackRock and Franklin Templeton.
Zeconomyâs CEO, Giacinto Cosenza, highlighted the partnership's potential to meet the growing demand for secure blockchain solutions. Moodyâs Investors Services rated the commercial paper P-1, the highest mark for short-term credit products.
