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Guggenheim Treasury Services has launched its inaugural $20 million issuance of tokenized commercial paper on the Ethereum blockchain.
Guggenheim Treasury Services (GTS), a division of Guggenheim Capital, LLC, one of the largest financial entities globally, has issued its first Digital Commercial Paper (DCP). This issuance consists of tokenized securities valued at $20 million on the Ethereum blockchain. As stated in a press release, the product has been awarded the highest credit rating (P-1) by Moody’s.
GTS manages one of the largest independent asset-backed commercial paper (ABCP) platforms. Throughout its 27-year history, the firm has issued and repurchased over $10.3 trillion in commercial paper.
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Commercial paper is a short-term, unsecured debt instrument that companies typically utilize to address short-term financial obligations.
The DCP issuance was facilitated through AmpFi.Digital, a blockchain platform created by Zeconomy for the issuance, trading, and management of digital assets. This platform enables DCPs to function similarly to traditional securities in the OTC markets, with the added capability of splitting and expedited settlement.
In early 2024, the market volume for tokenized government securities exceeded $1 billion for the first time, and projections suggest it may reach $3 billion by year-end. Concurrently, the global market for tokenized real-world assets (RWA) expanded to $12 billion in September of this year.
Сообщение First Tokenized Commercial Paper Issued появились сначала на CoinsPaid Media.
