- Guggenheim’s Digital Commercial Paper, backed by U.S. Treasuries, is now live on the XRP Ledger.
- Ripple has invested $10 million into the project, aiming to bolster XRPL’s institutional finance use cases.
- Tokenized RWAs have surged 260% in 2025, with U.S. Treasuries, private credit, and commodities leading growth.
Guggenheim Treasury Services is making waves again—this time by expanding its Digital Commercial Paper (DCP) onto the XRP Ledger. After launching the on-chain, Treasury-backed product on Ethereum in September 2024, the firm is now tapping into XRPL’s low fees, quick settlements, and 24/7 trading to meet rising institutional demand for real-world assets (RWAs) in decentralized finance.
XRP Ledger Welcomes Institutional-Grade Fixed Income
The tokenized DCP, issued by fintech startup Zeconomy and backed by U.S. Treasuries, will now operate on XRPL with added support from Ripple, which has committed a $10 million investment to the initiative. Guggenheim has structured the offering through Great Bridge Capital Co., a special-purpose vehicle designed to offer bankruptcy-remote protections. Notably, Moody’s has given the product a Prime-1 rating—its top mark for short-term debt.
Real-World Assets Boom as Guggenheim Broadens Reach
The move to XRPL marks a strategic expansion from Ethereum, where $20.5 million worth of DCP has already been issued. While investor engagement on Ethereum has been relatively limited—with just one monthly active wallet—the shift to XRP may broaden accessibility and improve liquidity. The broader trend backs the decision: tokenized RWAs have exploded by over 260% in 2025 so far, surging from $8.3 billion to over $23 billion in market value.
