- Guggenheim launches tokenised commercial paper on XRPL via Zeconomy.
- DCP backed by US Treasuries and rated Prime-1 by Moody’s.
- XRPL offers low-cost, real-time settlement and 24/7 access for institutions.
Guggenheim Treasury Services has expanded its digital fixed-income offerings with the launch of its Digital Commercial Paper (DCP) on the XRP Ledger (XRPL). This is the first native issuance of a DCP on XRPL, a public blockchain tailored for real-world asset (RWA) tokenisation.
The move follows the initial rollout of DCP in September 2024, which already processed more than US$280 million (AU$429 million) in volume. The DCP is a short-term debt instrument backed by US Treasuries and rated Prime-1 by Moody’s, the highest short-term rating available.
Tokenised and administered via the Zeconomy platform and issued through Guggenheim’s Great Bridge Capital Company SPV, the product is only available to institutional buyers meeting Qualified Institutional Buyer or Qualified Purchaser status under applicable securities laws.
On the XRPL, DCP benefits from faster settlement, reduced fees, and 24/7 access – improving efficiency in cross border-payments and corporate treasury operations.
Institutional Blockchain Adoption Accelerates
RippleX Senior Vice President Markus Infanger stated that DCP signals the shift in tokenisation from pilot to production, as institutions seek to adopt blockchain solutions at scale.
The XRPL is the backbone, built to support regulated financial assets that require the efficiency, scalability, and compliance features global markets need.
Markus Infanger, Senior Vice President, RippleXRelated: Ripple Managing Director Confirms XRPL’s Role in Hidden Road’s Post-Trade Infrastructure After $1.25B Acquisition
Zeconomy’s CEO Giacinto Cosenza noted that the DCP’s XRPL deployment exemplifies how institutional-grade platforms and tools are now solving real-world problems on public blockchains.
This exact use case is how regulated, asset-backed instruments like DCP can thrive on public blockchains at scale.
Giacinto Cosenza, CEO, ZeconomyXRPL, operational since 2012, has processed more than 3.3 billion transactions with zero security breaches or downtime. The network is maintained by over 200 validators and supports more than six million wallets globally.
Related: Ripple: Tokenised Financial Instruments Market Projected to Reach $18.9 Trillion by 2033
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