Guggenheim Brings Institutional-Grade Digital Commercial Paper to XRP Ledger as Tokenization Gains Momentum
In a landmark move for institutional finance on blockchain, Guggenheim Treasury Services has introduced its Digital Commercial Paper (DCP) natively on the XRP Ledger (XRPL)—signaling a significant advance in the real-world asset (RWA) tokenization trend.
Backed by maturity-matched U.S. Treasuries and awarded a Prime-1 short-term rating by Moody’s, DCP blends traditional financial security with the speed and accessibility of blockchain. Since its debut in September 2024, the instrument has processed over $280 million in issuance volume.
Tokenized and managed through the Zeconomy platform, DCP is issued via Great Bridge Capital Company, a bankruptcy-remote SPV created to deliver high-grade investor protections. The move to XRPL unlocks real-time settlement, low transaction fees, and 24/7 programmability, making DCP an ideal fit for modern treasury systems and global liquidity operations.
“The transition to tokenized financial products is no longer theoretical — it’s happening now,” said Markus Infanger, SVP at RippleX. “DCP demonstrates how blockchain infrastructure like XRPL is ready for scaled institutional adoption.”
The offering targets Qualified Institutional Buyers and Qualified Purchasers, positioning DCP as a reliable on-chain yield solution and collateral instrument for institutional strategies.
According to Zeconomy CEO Giacinto Cosenza, this milestone bridges the gap between traditional finance and decentralized technology: “DCP’s expansion to the XRP Ledger shows how institutions can solve real problems with real assets—on-chain, at scale.”
Ripple’s investment in DCP aligns with its broader mission to bring institutional RWAs to XRPL, building on prior efforts with Ondo’s tokenized treasuries and the Archax-abrdn tokenized MMF.
As tokenized finance matures, XRPL is emerging as a trusted foundation for institutions seeking compliant, blockchain-native financial infrastructure—DCP being its latest proof point.
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