A unit of Guggenheim Capital, Guggenheim Treasury Services, has introduced its Digital Commercial Paper (DCP) product on Ripple’s XRP Ledger, according to a press release from Ripple.
This expansion brings DCP, a short-term digital debt instrument backed by the U.S. Treasuries, to a faster and more cost-efficient blockchain network.
Having launched on Ethereum in September 2024, they’ve already issued over $280 million in digital debt. With this move, Guggenheim plans to reach more institutional investors by using XRP Ledger’s (XRPL) capability for 24/7 trading, low fees, and near-instant settlement.
To support the rollout of XRPL, Ripple is investing $10 million into the DCP program. According to Markus Infanger, a RippleX executive, this move could eventually tie into Ripple’s payment systems and its upcoming stablecoin, helping make real-world digital debt easier to use in daily financial activity.
Furthermore, DCP is issued through a fintech firm called Zeconomy, and managed by Great Bridge Capital Co., a special-purpose vehicle designed to protect investors with bankruptcy-remote services. The product has received a Prime-1 rating from Moody’s, the highest grade for short-term money market instruments.
Each DCP token is backed by real U.S. Treasury bonds, with maturity terms that can go up to 397 days. This makes it a secure, blockchain-based investment that aligns with what many traditional investors already trust.
In addition, backing from Ripple also brings further credibility and shows how traditional finance (TradFi) and decentralized finance (DeFi) are beginning to work more closely together.
The launch comes at a time when interest in tokenized real-world assets (RWAs) is growing. According to RWA.xyz, the value of tokenized RWAs rose more than 260% in the first half of 2025, growing from $8.3 billion to over $23 billion.
The growing sector now includes the U.S. Treasury debt, private credit, and commodities as its largest categories.
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