XRP News Today: Guggenheim Expands Tokenized Debt Product to Ripple’s XRP Ledger for Faster Settlements

Guggenheim Treasury Services has expanded its tokenized short-term debt product to Ripple’s XRP Ledger, marking a significant move beyond Ethereum. This expansion is driven by the rising demand for blockchain-based versions of traditional fixed-income assets. The Digital Commercial Paper (DCP), backed by U.S. Treasuries and issued by fintech firm Zeconomy, is now available on the XRP Ledger. The product was initially launched on Ethereum in September 2024 and has seen limited but steady uptake, with $20.5 million issued to date.
By transitioning to the XRP Ledger, Guggenheim aims to offer faster settlement, 24/7 trading, and lower fees. Ripple is also investing $10 million in this effort as part of a broader partnership. The DCP is offered via Great Bridge Capital, a special-purpose vehicle designed to safeguard investor assets. The product carries a Prime-1 rating from Moody’s, which is the agency’s highest grade for short-term debt.
Despite the small adoption rate—with just two known holders and one active wallet on Ethereum—the expansion of tokenized real-world assets (RWAs) is gaining traction in traditional finance. The RWA market has more than tripled in size this year, growing from $8.3 billion to over $23 billion by mid-2025, largely driven by tokenized Treasuries, private credit, and commodities. Guggenheim’s move positions it in competition with firms like BlackRock and Franklin Templeton, both of which have launched their own tokenized funds. BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), issued via Securitize, is currently the largest RWA product in the space with over $2.8 billion in assets.
The tokenization of real-world assets and traditional financial securities is an expanding sector within the crypto industry. This approach allows for the issuance, management, and distribution of traditional assets in a manner considered more efficient than off-chain methods. Ripple’s allocation is part of a larger fund the company plans to invest in tokenized T-bills provided by OpenEden and other unspecified issuers. The release did not specify the dates for the fund’s allocation.
XRP Ledger (XRPL) is an open-source blockchain that uses the cryptocurrency XRP to facilitate global financial transfers and currency exchanges. This move by Guggenheim to the XRP Ledger is a strategic decision to leverage the blockchain's capabilities for faster and more efficient transactions. The expansion of DCP to the XRPL is seen as a key marker for the future of tokenized finance, combining institutional strength with the enterprise focus of Ripple.

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