Guggenheim collaborates with Zeconomy to issue tokenized commercial paper on Ethereum

ChainCatcher news, Guggenheim Treasury Services, a subsidiary of Wall Street giant Guggenheim Partners, has collaborated with blockchain platform Zeconomy to issue $20 million in tokenized commercial paper on the Ethereum blockchain. Zeconomy CEO Giacinto Cosenza stated that the demand for digital assets is "huge" following the success of crypto ETFs. This issuance marks a new advancement in the tokenization of traditional financial assets (RWA), a sector that has grown to a market value of $12 billion.