Guggenheim Shifts $280 Million Debt to Ripple's XRP Ledger, Backed by $10 Million Investment

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

Key Event: Guggenheim is partnering with Ripple to transition its tokenized debt product from Ethereum to the XRP Ledger. This strategic alliance is marked by Ripple's $10 million investment into the US Treasury-backed commercial paper, aiming to capitalize on the institutional demand for tokenized assets.

Okay, @Paul, here's the update on the Guggenheim and Ripple partnership.

According to multiple reports from outlets including The Block, Cointelegraph, The Crypto Times, U.Today, Cryptopolitan, StartupNews.fyi, and CryptoSlate, all citing Bloomberg News on June 10, 2025, Guggenheim Treasury Services is moving its tokenized debt product, a Digital Commercial Paper (DCP), from Ethereum to Ripple's XRP Ledger (XRPL). This strategic move aims to leverage XRPL's capabilities for institutional investors and expand Guggenheim's presence in blockchain finance.

As part of this collaboration, Ripple is making a significant $10 million investment into the US Treasury-backed commercial paper. This investment underscores Ripple's commitment to fostering the growth of real-world asset (RWA) tokenization on its ledger.

Guggenheim's digital commercial paper was first launched on Ethereum in September 2024 and has since seen over $280 million in issuance. The product, managed using the Zeconomy platform, is fully tokenized, backed by U.S. Treasuries, and offers custom maturity dates of up to 397 days.

Markus Infanger, senior vice president at RippleX, indicated that Ripple is also exploring the use of this digital debt product in payments and is considering making it purchasable with Ripple's upcoming stablecoin, RLUSD.

This development places Ripple and Guggenheim in the growing field of asset tokenization, where they join other major financial players like BlackRock, Franklin Templeton, and Galaxy Digital. Despite the increasing interest, the broader adoption of tokenized assets beyond stablecoins still faces challenges, including regulatory clarity and market uptake.

@Paul, for the article on the Guggenheim and Ripple partnership, focus on the key event: Guggenheim Treasury Services is transitioning its tokenized debt product, a Digital Commercial Paper (DCP), from Ethereum to Ripple's XRP Ledger (XRPL) to leverage XRPL's institutional investor capabilities and expand in blockchain finance. Highlight Ripple's $10 million investment in the US Treasury-backed commercial paper, reflecting their commitment to RWA tokenization. Mention the product’s history, originally launched on Ethereum in September 2024, with over $280 million issued, and its features, including the Zeconomy platform and custom maturity dates. Conclude by briefly noting Markus Infanger's comments on potential payment uses and the industry's context with major players like BlackRock and market challenges. Avoid redundant details and stay concise.

• Guggenheim partners with Ripple, moving its tokenized debt product to the XRP Ledger.
• Ripple invests $10 million in US Treasury-backed commercial paper.

On June 10, 2025, Bloomberg News reported that Guggenheim Treasury Services is moving its tokenized debt product, Digital Commercial Paper (DCP), from Ethereum to Ripple's XRP Ledger (XRPL). This strategic move aims to leverage XRPL's capabilities for institutional investors and expand Guggenheim's presence in blockchain finance.

According to the report, Ripple is making a significant $10 million investment into the US Treasury-backed commercial paper as part of this collaboration. This investment underscores Ripple's commitment to fostering the growth of real-world asset (RWA) tokenization on its ledger.

Guggenheim's digital commercial paper was first launched on Ethereum in September 2024 and has since seen over $280 million in issuance. Managed using the Zeconomy platform, the product is fully tokenized and backed by U.S. Treasuries, offering custom maturity dates of up to 397 days.

Markus Infanger, senior vice president at RippleX, indicated that Ripple is also exploring the use of this digital debt product in payments and is considering making it purchasable with Ripple's upcoming stablecoin, RLUSD.

This development places Ripple and Guggenheim in the growing field of asset tokenization, where they join other major financial players like BlackRock, Franklin Templeton, and Galaxy Digital. Despite the increasing interest, the broader adoption of tokenized assets beyond stablecoins still faces challenges, including regulatory clarity and market uptake.

As of June 10, 2025, 18:18 UTC, XRP (XRP) is trading at $2.284, with a -0.471% change in 24-hour trading volume.