Gate News bot message, the Digital Commercial Paper DCP has been launched on the XRP Ledger ( XRPL ). This paper is a fixed-income asset backed by U.S. Treasury securities, rated Prime-1 by Moody’s.
DCP is managed by Guggenheim Treasury Services, which is “one of the largest independent commercial paper platform management companies in the world and a wholly-owned subsidiary of Guggenheim Capital, LLC.” DCP is tokenized, issued, and managed through the Zeconomy platform.
On the XRPL, DC will leverage the network’s “faster settlement speeds, lower transaction costs, and 24/7 accessibility to modernize the issuance and trading of commercial paper, as well as integration with global financial and liquidity systems.”
Source: Crowdfund Insider
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