🔥 Gate Post Ambassador Exclusive Posting Reward Task Round 4 Is Live!
Not yet a Gate Post Ambassador? Apply now 👉 https://www.gate.com/questionnaire/4937
Join the Ambassador Task and post daily from June 9 to June 15, get your posts rated, and share a $300 prize pool based on your ratings!
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
A/B-Level Tiered Rewards
Based on the number of posts and their quality, ambassadors will
Guggenheim partners with Ripple to bring tokenized treasury bonds to the XRP Ledger.
Guggenheim Partners will bring a fixed income product backed by U.S. Treasury bonds to the XRP Ledger (XRPL) through a new partnership with Ripple, according to Bloomberg on June 10.
Guggenheim Treasury Services – a subsidiary of this investment group – will offer tokenized American commercial paper with flexible maturities of up to 397 days on XRPL. The product is fully backed by U.S. government bonds, targeting institutional investors looking to access fixed income through a token format.
Ripple will invest 10 million USD in this product as part of the agreement, aimed at promoting the strategy of tokenizing real assets (RWA) on the decentralized network. The product can be purchased using RLUSD – Ripple's USD-pegged stablecoin which has now reached a supply of over 300 million USD, operating on Ethereum and XRPL.
Previously, in September 2024, Guggenheim tokenized 20 million USD of commercial paper on Ethereum, paving the way for the application of blockchain in the issuance and payment of short-term debt.
The RWA market is booming, surpassing $10 billion in TVL by the end of March, primarily due to tokenized U.S. Treasury bond products. Giants like BlackRock and Franklin Templeton have also launched blockchain-based cash funds, while platforms like Securitize help lower investment barriers.