Guggenheim Treasury Services, a subsidiary of Guggenheim Capital, has entered the blockchain realm by tokenizing $20 million in commercial paper on the Ethereum blockchain. This marks the first digital rendition of commercial paper, a short-term debt instrument. The product holds a top credit rating from Moody’s. Guggenheim Treasury is a major platform for asset-backed commercial paper managers, having dealt with over $10.3 trillion of ABCP in the past 27 years. The issuance was facilitated through Zeconomy’s AmpFi.Digital platform, designed for trading and governing tokenized securities. The digital commercial paper will be traded on the platform akin to traditional papers, but in fractionalized form with quicker settlements. The tokenized asset market is projected to reach $10 trillion by 2030, driven by institutional adoption and regulatory advancements. Ethereum currently dominates the tokenized asset space, holding 58% of all tokenized assets. Read more AI-generated news on: https://app.chaingpt.org/news