CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

BitcoinSistemi 2025-06-11 08:03:06

Major Deal Announced Between Ripple (XRP) and Wall Street Giant

Guggenheim, one of Wall Street’s leading financial institutions, is expanding its investments in the digital asset world. After launching its first digital debt product on Ethereum, Guggenheim Treasury Services is moving it to the XRP Ledger in partnership with Ripple. With the new move, the digital commercial paper product, fully collateralized by US Treasury bonds, will now be offered on Ripple’s public blockchain, the XRP Ledger. According to RippleX Senior Vice President Markus Infanger, Ripple will invest $10 million in the fixed-income asset. Additionally, Ripple is evaluating the possibility of using this product in payments and plans to make it available for purchase with the stablecoin developed by the company. Related News: BREAKING: GameStop Announces Another Bitcoin Purchase - Here's the Earnings Report The digital debt product, which launched on the Ethereum blockchain last September, has since raised over $280 million in issuance volume. Guggenheim is cementing its place among the companies tokenizing real-world assets, following in the footsteps of giants like Franklin Templeton and BlackRock. Similarly, billionaire investor Michael Novogratz’s Galaxy Digital is also in talks with regulators to tokenize its own shares. Excluding stablecoins, the XRP Ledger currently accounts for a small portion of the $23.4 billion global tokenized asset market, with around $117 million in assets tokenized. However, the XRP Ledger aims to grow its role in this space with projects such as connecting real estate titles directly to the blockchain. *This is not investment advice. Continue Reading: Major Deal Announced Between Ripple (XRP) and Wall Street Giant

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.