XRP News Today: Guggenheim Issues Digital Commercial Paper on XRP Ledger for Faster Settlement

Guggenheim Treasury Services, a leading independent commercial paper platform manager, has announced the issuance of Digital Commercial Paper (DCP) on the XRP Ledger (XRPL). DCP is a fixed income asset secured by U.S. Treasuries and rated Prime-1 by Moody’s, indicating the highest rating available for a short-term debt instrument. This move leverages the XRPL’s faster settlement, lower transaction costs, and 24/7 accessibility, modernizing the issuance, transaction, and integration of commercial paper into global treasury and liquidity systems.

The expansion to the XRPL follows DCP’s initial launch in September 2024, which has already processed over $280 million in issuance. DCP is fully backed by maturity-matched U.S. Treasury securities and is offered daily at custom maturities of up to 397 days. The asset is issued through a bankruptcy-remote SPV (Great Bridge Capital Company), established by Guggenheim Treasury Services to ensure investor protections. It is tokenized and managed through Zeconomy’s platform, which provides robust infrastructure, integration services, and comprehensive digital asset governance.

On the XRPL, DCP offers institutional clients a highly efficient treasury management solution that can be integrated into existing cross-border payment flows. This addresses critical pain points in international trade, where traditional settlement processes can take days and involve significant operational overhead. Leveraging DCP in conjunction with real-time payments systems allows corporations to lower costs, accelerate settlement, and offer greater transparency across their network of suppliers.

Markus Infanger, Senior Vice President of RippleX, commented on the significance of this development, stating that the market is at a tipping point where tokenization is evolving from experimentation to production in global financial markets. Institutions are increasingly deploying blockchain technology at scale, and the inception of DCP is a prime example of this shift. The XRPL is designed to support regulated financial assets that require efficiency, scalability, and compliance features.

The market for tokenized real-world assets (RWAs) is projected to grow significantly, with bonds expected to be the leading asset in this shift. DCP demonstrates how regulated financial products can be efficiently issued and transacted onchain, offering an ideal solution for digital traders looking for a yield-bearing, onchain asset to use as collateral in their strategies.

Giacinto Cosenza, CEO at Zeconomy, highlighted that Zeconomy’s platform delivers institutional-grade modules and a powerful toolkit that brings corporations and traditional finance participants together to solve real-world problems onchain. The expansion of DCP to the XRPL is a key marker for the future of tokenized finance, combining institutional strength with the enterprise focus of Ripple.

Ripple will invest in DCP as part of its broader effort to bring institutional real-world assets to the XRPL. This builds on Ripple’s investment in tokenized U.S. Treasuries through projects such as Ondo’s OUSG and Archax and Aberdeen’s money market fund. The XRPL provides a comprehensive set of features needed to support institutional assets like DCP, offering fast, secure, low-cost settlement to meet institutional requirements. Over the past decade, the XRPL has processed over 3.3 billion transactions without failure or security breach, supporting over six million active wallets with a network of over 200 validators.

DCP is available to Qualified Institutional Buyers (QIBs) and Qualified Purchasers (QPs) as defined under applicable securities laws. This development underscores the growing acceptance and integration of blockchain technology in the financial sector, paving the way for more efficient and transparent financial transactions.