Guggenheim Treasury Services hat His digital commercial paper offer supported by the US Ministry of Finance on the XRP Ledger XRPLPL transmitted And is the first company to emit a native fixed -interest product directly via the network. The tokenized asset of $ 280 million, called “Digital Commercial Paper” (DCP), is now accessible via the Zeconomy platform and offers institutional investors a regulated onchain debt instrument that is secured by US state bonds.
Apex 2025: Digital Commercial Paper DCP is now live on the XRP Ledger. Administered by Guggenheim Treasury Services, one of the largest independent commercial paper platform managers in the world and powered by Zeconomy: https://t.co/Ic4YdUnNry
With $280M+ in issuance, DCP is…
— RippleX (@RippleXDev) June 10, 2025
The DCP was originally introduced to Ethereum in September 2024. It offers individual terms of up to 397 days and has the best rating of Moody’s. Guggenheim’s use of an insolvency -related purpose company (Special Purpose Vehicle, SPV) offers investors an additional protective layer that separates the underlying asset from the liabilities of the issuer.
The transition to XRPL takes DCP to a blockchain network that was developed for regulated financial products and aims to reduce transaction costs and to support faster handling while at the same time compliance with the regulations.
The infrastructure of the XRP Ledgers offers integrated support for tokenized assets and a decentralized exchange. These characteristics make him a candidate for the hosting of regulated financial products such as DCP. The platform’s skills can also help to cope with the recent decline in network activity.
Between May and June, XRPL recorded a decline in active addresses, transactions and payment volumes. The introduction of a stable, high -return institutional product could renew the use of the network.
To support the expansion, Ripple put $ 10 million in the Guggenheim DCP program. The step is in harmony with Ripple’s persistent focus on RWA tokenization. Ripple also checks the future support for his Dollar StableCoin RLUSD, which can be used for DCP purchases. The RLUSD came onto the market in December 24, has exceeded the surrounding amount of 350 million token and could play a role in the processing of digital guilt products in the future.
Guggenheim’s offer builds on a growing list of ripple-related investments in the tokenized treasury sector. The previous collaborations include the support of the OUSG product from Ondo Finance and the participation in a tokenization initiative in which the Stocks of Digital Assets Archax and the asset manager ABRDN are involved in Great Britain.
A recently published report by Ripple and the Boston Consulting Group assumes that the market for tokenized Bonds will grow from US dollars to almost $ 19 trillion by 2033 by 2033. It is expected that a large part of this growth will come from short-term bonds that are already familiar with institutional buyers and can easily be integrated into existing risk and liquidity strategies.
The DCP product is currently only available to qualified institutional buyers (QIBs) and qualified buyers (QPS), in accordance with the legal framework for private placements. These investors are given access to a fixed-interest onchain product that offers faster handling cycles, lower administrative costs and 24/7 accessibility compared to conventional commercial papers.
Markus Infanger, Senior Vice President of Ripplex, said that the introduction of DCP to XRPL is a milestone in the industry and that the blockchain usage of test environments transfers in practical use. By combining fixed -interest instruments with an infrastructure based on the blockchain, the product offers a model for how regulated assets could develop on digital financial markets.
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