Guggenheim Launches Tokenized Commercial Paper on XRPL, Pushing Real-World Assets Further On-Chain
Digital Commercial Paper (DCP), a short-term, yield-bearing instrument backed by U.S. Treasuries, is now live on the XRP Ledger, marking a first-of-its-kind native issuance on the network.
Developed and managed through the Zeconomy platform, DCP is issued by Guggenheim Treasury Services via Great Bridge Capital Company, a bankruptcy-remote vehicle created to ensure institutional-grade investor protections. The instrument has received a Prime-1 rating from Moody’s, the highest rating available for short-term debt.
Since its initial launch in September 2024, DCP has already surpassed $280 million in issuance, offering flexible maturities of up to 397 days. Its expansion to XRPL introduces around-the-clock access, near-instant settlement, and significantly reduced transaction costs — all crucial components for modern institutional treasury operations.
“This is where blockchain starts delivering real financial utility,” said Markus Infanger, SVP at RippleX. “DCP is a case study in how tokenized assets can integrate with global liquidity and payment systems at scale.”
Designed specifically for Qualified Institutional Buyers (QIBs) and Qualified Purchasers (QPs), DCP can serve as on-chain collateral or a liquidity tool within broader trading strategies.
Ripple’s support of the initiative is part of its strategic investment in tokenized real-world assets, following prior moves in the U.S. Treasury space through Ondo’s OUSG and the Archax-abrdn money market fund.
Giacinto Cosenza, CEO of Zeconomy, added, “The expansion of DCP to XRPL underscores the institutional shift toward blockchain-based financial infrastructure — combining traditional credit quality with blockchain-native functionality.”
With this launch, XRPL continues to cement its role as a purpose-built platform for tokenizing real-world financial instruments at scale.
