Ripple Joins Guggenheim to Launch US Treasury-Backed Digital Paper on XRP Ledger

• Guggenheim’s DCP is now live on XRPL, backed by Treasurys and rated Prime-1 by Moody’s.
• Ripple invests $10M to support DCP launch, boosting RLUSD’s institutional utility.
• Tokenized Treasurys on public blockchains surpass $7B as Wall Street embraces RWAs.

US investment manager Guggenheim has taken another step into blockchain-based finance by expanding its digital commercial paper (DCP) product through a new partnership with Ripple. Bloomberg reported that Guggenheim’s subsidiary, Guggenheim Treasury Services, will now make its US Treasury-backed fixed-income asset available on the XRP Ledger (XRPL).

Ripple will support the launch with a $10 million investment and plans to enable direct purchases using its RLUSD stablecoin. DCP is a full US Treasury-backed product with customizable maturities of up to 397 days. Guggenheim’s initiative follows its previous blockchain project of tokenizing $20 million in commercial paper on Ethereum in September 2024.

Moreover, the newest expansion utilizes the public XRPL blockchain, which has low transaction costs and rapid settlement, to make institutional investors more efficient and accessible.