In an unexpected move that screams “I’m too rich to care”—Guggenheim Treasury Services, that tiny player in the vast financial sea, has decided to dip its toes into the world of digital debt. The firm, under the Guggenheim Capital umbrella (yes, that one), has begun issuing U.S. Treasury-backed digital commercial paper on the XRP Ledger. Hold your applause—it’s the first native fixed-income product of its kind on the blockchain.
In an exuberant press release on June 10, Ripple, the blockchain platform, proudly announced that Guggenheim’s digital commercial paper (DCP, but we’re not calling it that again, okay?) would be available on the XRP Ledger through Zeconomy. You see, the tokenized asset, rated Prime-1 by Moody’s (they really know how to throw a party), has already moved more than $280 million in volume since its September 2024 launch on Ethereum. Let that sink in. It also offers custom maturities of up to 397 days, because why not make it unnecessarily complicated?
Now, DCP isn’t just another pretty face in the blockchain crowd. It’s got quicker settlement times, lower fees (hurray), and it’s available all day, every day. The first native commercial paper on XRPL has been issued through a bankruptcy-remote SPV (those words make you feel so safe, don’t they?). It’s designed to modernize those dusty old treasury operations and seamlessly integrate digital debt into cross-border payment flows. Who wouldn’t want that?
Ripple is throwing in $10 million for good measure, no big deal. And let’s not forget RLUSD—Ripple’s USD-backed stablecoin that already has a cool $350 million circulating. You’re probably wondering, “What’s next?” I’ll tell you: the partnership may soon support RLUSD purchases. Could the world get any more thrilling?
Markus Infanger, RippleX’s senior vice president (he’s important, I swear), had this to say: “The inception of DCP is a prime example of institutions shifting from experimentation to production.” Translation: Everyone else was just playing with toys, but now they’re ready to make some money. And here you thought it was all about fun and games.
And now, a little reality check: XRPL, that blockchain of dreams, has seen a slight decline in usage. Transactions, payment volumes, and active addresses have been slipping like a bad romance. But fear not—this shiny new partnership might just reverse the downward trend. Maybe. It’s like giving the network a Red Bull, but with a touch of institutional cash.
Ripple’s big move into tokenizing real-world assets is still going strong. After dabbling in Ondo’s OUSG and partnering with Archax and asset manager Abrdn, they’re clearly not afraid to push the envelope. Who needs traditional investments when you have blockchain, right?
In case you missed it, a recent Ripple-BCG report revealed that bonds are set to drive the tokenized RWA market, which will grow from today’s humble $600 million to a whopping $19 trillion by 2033. That’s one heck of an investment, don’t you think? DCP is available exclusively to Qualified Institutional Buyers and Qualified Purchasers, so maybe save your money for something a little less exclusive (like a sandwich).
So there you have it. A regulated, yield-bearing on-chain asset that’ll make you wonder if you’re missing out. But don’t worry, there’s always next time. Or maybe just keep dreaming.
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2025-06-11 09:13