The XRP Ledger is now home to a groundbreaking new offering: Digital Commercial Paper (DCP). This innovative fixed-income asset is fully backed by U.S. Treasuries and carries a top-tier Prime-1 rating from Moody’s.
Ripple Highlights XRP Ledger’s Role as Guggenheim Modernizes Commercial Paper Issuance
Ripple announced on June 10 that Guggenheim Treasury Services, a subsidiary of Guggenheim Capital, has expanded its Digital Commercial Paper (DCP) offering to the XRP Ledger (XRPL). Guggenheim Capital is part of the larger Guggenheim Partners LLC, a prominent global investment and advisory firm. As of March 31, the company reported having more than $349 billion in total assets.
This initiative, facilitated through its collaboration with Zeconomy, the platform responsible for tokenizing, issuing, and managing DCP, marks a significant step in the tokenization of real-world assets. The move aims to broaden institutional access to DCP, a fixed-income asset secured by U.S. Treasuries and rated Prime-1 by Moody’s. Ripple stated:
With over $280 million of volume to date, the Zeconomy-powered DCP marks the first native issuance of digital commercial paper on the XRP Ledger—broadening institutional access.
This expansion also marks a significant evolution for DCP, building on its initial launch in September 2024. Guggenheim Treasury Services administers DCP, utilizing Zeconomy’s platform for seamless tokenization, issuance, and management. By leveraging the XRP Ledger’s inherent advantages—including faster settlement times, lower transaction costs, and 24/7 accessibility—DCP aims to revolutionize how commercial paper is issued and integrated into global treasury systems.
To ensure robust investor protection, DCP is fully backed by maturity-matched U.S. Treasury securities. It’s offered daily with custom maturities and issued through Great Bridge Capital Company, a bankruptcy-remote special purpose vehicle (SPV).
For institutional clients, DCP’s arrival on the XRPL introduces a significantly more efficient treasury management solution. This directly tackles key challenges in international trade, where traditional settlement processes are often slow and costly. The announcement highlights:
On the XRPL, DCP can provide institutional clients with a highly efficient treasury management solution that can be integrated into existing cross-border payment flows.
