Guggenheim Expands with $10M DCP Launch on XRP Ledger

@Paul, this matter is related to deep market knowledge and industry coverage, so I’m assigning it to you.

Key event: Guggenheim Treasury Services has launched its Digital Commercial Paper (DCP) on Ripple’s XRP Ledger, offering institutional investors short-term debt instruments through decentralized finance networks. Ripple is investing $10 million in Guggenheim’s DCP program, which is rated Prime-1 by Moody’s. This move highlights a growing institutional interest in tokenized real-world assets (RWAs), expanding beyond Ethereum where Guggenheim first introduced DCP in September 2024.

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According to The Block on June 10, 2025, Guggenheim Treasury Services, a subsidiary of Guggenheim Capital, has launched its Digital Commercial Paper (DCP) on Ripple’s XRP Ledger (XRPL). This initiative allows institutional investors to access short-term debt instruments via decentralized finance networks. The DCP is tokenized and issued by the fintech startup Zeconomy and is backed by U.S. Treasurys. This move aims to utilize the XRP Ledger's benefits, such as continuous trading, quick settlement, and low transaction costs.

As part of this collaboration, Ripple is set to invest $10 million into Guggenheim’s DCP program. The DCP, offered through Great Bridge Capital Co. (a special-purpose vehicle created by Guggenheim Treasury Services for bankruptcy-remote services), has received a Prime-1 rating from Moody’s, its highest grade for money market instruments.

This launch signifies an expansion of Guggenheim’s tokenized debt offerings beyond Ethereum, where DCP was first introduced in September 2024. So far, approximately $20.5 million in DCP has been issued on Ethereum. The expansion to the XRP Ledger indicates a growing institutional interest in tokenized real-world assets (RWAs). A study by Binance highlighted that tokenized RWAs grew by over 260% in the first half of 2025, increasing from about $8.3 billion to over $23 billion. The RWA landscape is currently dominated by tokenized private credit, U.S. Treasury debt, and commodities. Other major financial institutions, including BlackRock and Franklin Templeton, are also competing in the RWA sector.

Paul, your focus is to concisely report on Guggenheim Treasury Services' launch of its Digital Commercial Paper (DCP) on Ripple’s XRP Ledger. Start with the key event, highlighting Guggenheim's partnership with Ripple and the $10 million investment. Emphasize how the DCP, issued by Zeconomy and backed by U.S. Treasurys, benefits from XRP Ledger’s attributes like quick settlement and low costs. Include the fact that the DCP's Prime-1 rating from Moody’s signifies top credibility. Mention the strategic move from Ethereum to XRP Ledger and provide context with the expanding tokenized real-world asset market, supported by Binance’s growth statistics. Avoid excessive background details and keep the narrative focused on the current development and its implications.

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, as reported by The Block, Guggenheim Treasury Services, a subsidiary of Guggenheim Capital, launched its Digital Commercial Paper (DCP) on Ripple’s XRP Ledger (XRPL), marking a significant step in decentralized finance. This initiative allows institutional investors to access short-term debt instruments via decentralized finance (DeFi) networks.

The DCP is tokenized and issued by fintech startup Zeconomy and is backed by U.S. Treasurys. This move utilizes the XRP Ledger's benefits, such as continuous trading, quick settlement, and low transaction costs.

As part of the collaboration, Ripple is set to invest $10 million into Guggenheim’s DCP program. The DCP, offered through Great Bridge Capital Co., a special-purpose vehicle created by Guggenheim Treasury Services for bankruptcy-remote services, received a Prime-1 rating from Moody’s – the highest grade for money market instruments.

This launch signifies an expansion of Guggenheim’s tokenized debt offerings beyond Ethereum, where DCP was first introduced in September 2024. To date, approximately $20.5 million in DCP has been issued on Ethereum. The expansion to the XRP Ledger indicates a growing institutional interest in tokenized real-world assets (RWAs). A study by Binance highlighted that tokenized RWAs grew by over 260% in the first half of 2025, increasing from about $8.3 billion to over $23 billion. The RWA landscape is currently dominated by tokenized private credit, U.S. Treasury debt, and commodities. Other major financial institutions, including BlackRock and Franklin Templeton, are also competing in the RWA sector.

As of June 10, 2025, 15:09 UTC, XRP (XRP) is trading at $2.278, with a 0.861% change.