Guggenheim Expands with $10M DCP Launch on XRP Ledger

- Guggenheim Treasury Services launches Digital Commercial Paper (DCP) on Ripple’s XRP Ledger. - Ripple invests $10 million in Guggenheim’s DCP program, rated Prime-1 by Moody’s. On June 10, 2025, The Block reported that Guggenheim Treasury Services, a subsidiary of Guggenheim Capital, launched its Digital Commercial Paper (DCP) on Ripple’s XRP Ledger (XRPL). This launch marks a significant step in decentralized finance, as this initiative allows institutional investors to access short-term debt instruments via decentralized finance (DeFi) networks. According to The Block, Fintech startup Zeconomy tokenizes and issues the DCP, which is backed by U.S. Treasurys. Furthermore, this move utilizes the XRP Ledger's benefits, such as continuous trading, quick settlement, and low transaction costs. The Block's report further detailed that as part of the collaboration, Ripple is investing $10 million into Guggenheim’s DCP program. In addition, Guggenheim Treasury Services created Great Bridge Capital Co., a special-purpose vehicle, to offer the DCP and provide bankruptcy-remote services. Moody’s subsequently awarded the DCP a Prime-1 rating, the highest grade for money market instruments. This launch, as reported by The Block, signifies Guggenheim's expansion of its tokenized debt offerings beyond Ethereum, where it first introduced DCP in September 2024 and has since issued approximately $20.5 million in DCP. The expansion to the XRP Ledger indicates a growing institutional interest in tokenized real-world assets (RWAs). For instance, The Block also cited a study by Binance from the first half of 2025, which highlighted that tokenized RWAs grew by over 260%, increasing from about $8.3 billion to over $23 billion during that period. Currently, tokenized private credit, U.S. Treasury debt, and commodities dominate the RWA landscape, a sector where other major financial institutions, including BlackRock and Franklin Templeton, also compete. As of June 10, 15:09 UTC, XRP (XRP) was trading at $2.278, reflecting a 0.861% change.