Guggenheim Partners with Ripple to Launch $10 million Digital Paper on XRP Ledger

- Guggenheim collaborates with Ripple on US Treasury-backed digital commercial paper - Ripple invests $10 million in this asset, available on the XRP Ledger On June 10, 2025, Cointelegraph reported Guggenheim is redefining its digital landscape by collaborating with Ripple to launch a $10 million US Treasury-backed digital commercial paper on the XRP Ledger. Guggenheim Treasury Services, a Guggenheim subsidiary, will facilitate this launch, making its US Treasury-backed fixed-income asset available on the XRP Ledger. In conjunction with this collaboration, Ripple will invest $10 million in the asset. This digital commercial paper is fully backed by US Treasurys and includes customized maturity options up to 397 days. The partnership marks a significant step in the increasing convergence of traditional financial systems with blockchain technology, particularly illustrated by the growing trend of tokenizing real-world assets. This is not Guggenheim's first foray into the crypto sector, as the firm previously tokenized a $20 million commercial paper offering on the Ethereum blockchain in September 2024. Additionally, RippleX executive Markus Infanger mentioned that investors could potentially purchase the product using Ripple's US dollar-pegged stablecoin, RLUSD. As of June 10, 2025, 16:09 UTC, XRP is trading at $2.279. According to CoinMarketCap on June 10, its 24-hour trading volume changed by 0.512%.