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International Business Times
International Business Times
Business
Marvie Basilan

On-Chain Digital Commercial Paper – TradFi Titan Guggenheim Treasury, Zeconomy's New Ethereum-Based Offering

Guggenheim Treasury Services tapped Zeconomy to launch the first-ever Ethereum-based on-chain digital commercial paper. (Credit: Marco Verch/flickr)

KEY POINTS

  • Guggenheim allotted $20 million to tokenize the digital commercial papers through Zeconomy's AmpFi.Digital
  • The digital commercial paper received a Prime 1 rating from Moody's
  • '2024 has clearly demonstrated a surge in institutional interest towards tokenization and real-world assets': Zeconomy CEO

Guggenheim Treasury Services (GTS), an indirect wholly owned subsidiary of Wall Street behemoth Guggenheim Capital LLC., and Zeconomy, the blockchain firm behind AmpFi.Digital, recently unveiled a new offering that could further transform the way traditional financial institutions view and engage in the digital assets space.

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