The launch, orchestrated by Guggenheim Treasury Services and that
Zeconomy contraption, is meant to drag treasury infrastructure kicking and
screaming into the age of blockchain-based settlement. One shudders to think
of the paperwork involved.
DCP, bless its heart, has already shuffled through \$280 million since its
debut in September 2024. Moody’s, in a fit of optimism, has given it a
Prime-1 rating. It’s all backed by U.S. Treasury securities, you see, issued
through Great Bridge Capital Company—a special purpose vehicle designed to
keep investors from the poorhouse.
This dalliance with XRPL promises 24/7 settlement, fees so low they’re
practically giving it away, and near-instant finality. All to fix the
ghastly inefficiencies of traditional commercial paper and those tedious
cross-border payments. Institutions can now dabble in DCP with maturities up
to 397 days, streamlining treasury operations and, one hopes, improving
liquidity.
Markus Infanger, some Ripple chap, gushed that institutions are now clamoring
to scale regulated products on the blockchain. How thrilling. DCP’s move to
the XRPL is, apparently, a sign of the times.
This aligns with Ripple’s grand strategy for real-world assets (RWA). They’ve
also thrown money at tokenized U.S. Treasuries through outfits like Ondo and
Archax. A Ripple–BCG report (one imagines over dry sherry) projects the RWA
market will balloon from \$600 million in 2025 to nearly \$19 trillion by
2033. Bonds, naturally, are leading the charge. 🚀
Zeconomy CEO Giacinto Cosenza, in a moment of exuberance, called DCP “a key
marker for the future of tokenized finance.” One can only hope it doesn’t
involve too much paperwork. 🙄
Currently, DCP is only for the Qualified Institutional Buyers (QIBs) and
Qualified Purchasers (QPs). The XRPL, which has been around since 2012, has
processed over 3.3 billion transactions without a security breach. A
testament to its trustworthiness, or perhaps just dumb luck. 🤔
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2025-06-10 20:55