Guggenheim Treasury Securities (GTS) has issued $20 million in digital commercial paper on the Ethereum blockchain. GTS is a wholly owned subsidiary Guggenheim Capital with the group having more than $320 billion in assets under management (AUM). For the issuance, it partnered with Zeconomy, the developers of AmpFi.Digital.
The commercial paper received a P-1 rating for Moody’s.
Zeconomy says the digital issuance addresses DeFi challenges, such as poor credit quality and compliance issues.
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