Guggenheim Cuts Through Wall Street Red Tape—Issues Digital Commercial Paper on XRP Ledger
Wall Street meets blockchain—again. Guggenheim Partners just sidestepped traditional finance infrastructure by launching digital commercial paper directly on the XRP Ledger through their Zeconomy platform. No intermediaries, no legacy settlement delays—just asset-backed IOUs moving at the speed of crypto.
Why This Matters: Commercial paper—the lifeblood of corporate short-term borrowing—has been stuck in the analog age. Guggenheim’s play could drag this $1.2 trillion market kicking and screaming into decentralized finance. That is, if institutional investors can stomach the volatility.
The Fine Print: Zeconomy’s setup reportedly uses XRP Ledger’s native features for compliance and settlement. Translation: They’re betting regulators will tolerate this more than an outright DeFi free-for-all. Smart move—nothing pleases the SEC like a thin veneer of oversight.
Bottom Line: Another brick in the wall between TradFi and crypto crumbles. Whether this becomes a trend or just another ‘blockchain pilot’ collecting dust in some CFO’s PowerPoint deck depends on one thing: Can it actually save money compared to the old boys’ club of investment banks? The ledger—pun intended—is still out.
Guggenheim Treasury Services puts its Digital Commercial Paper (DCP) on the XRP Ledger (XRPL), allowing for the tokenization of U.S. Treasuries. DCP is backed by Treasury securities that will mature at the same time. Moody’s knows it as Prime-1, which has the highest short-term rating. The company managing the asset is Guggenheim Treasury Services, which belongs to Guggenheim Capital, LLC. It is issued through a bankruptcy-remote vehicle, Great Bridge Capital Company.
Apex 2025: Digital Commercial Paper DCP is now live on the XRP Ledger. Administered by Guggenheim Treasury Services, one of the largest independent commercial paper platform managers in the world and powered by Zeconomy: https://t.co/Ic4YdUnNry
With $280M+ in issuance, DCP is…
When it began in September 2024, DCP already had more than $280 million in issuances. Customers get daily issuance of XRPL tokens in any maturity up to 397 days, as the product is entirely on the XRPL. With the integration, transactions can be settled in seconds, fees are reduced, and people can always use the service. Zeconomy’s platform is responsible for handling the asset’s tokenization and its whole lifecycle with the help of secure infrastructure and well-governed systems.
Enhanced Treasury Operations and Global Accessibility
DCP is positioned to optimize corporate treasury functions and cross-border payment flows. By utilizing blockchain infrastructure, the asset addresses inefficiencies in traditional settlement systems that often involve delays and operational complexity. Corporations using DCP can reduce costs, expedite processing, and gain transparency across financial transactions with international partners.
The XRPL’s architecture, which includes over 200 validators and a decade of reliable operation without security breaches, supports fast and secure settlement of institutional-grade assets. This positions XRPL as a suitable network for tokenized financial products, particularly those requiring compliance, scalability, and continuous availability.
Market Outlook and Ripple’s Strategic Role
The DCP deployment aligns with Ripple’s ongoing initiatives to introduce regulated real-world assets (RWAs) onto public blockchains. Ripple has previously invested in tokenized U.S. Treasury products through Ondo’s OUSG and Archax’s money market fund with abrdn. The new initiative represents a broader strategy to modernize traditional finance by leveraging public infrastructure.
A recent report by Ripple and BCG projects the RWA tokenization market to reach $19 trillion by 2033, with bonds expected to lead this shift. DCP offers a practical application for this growth trend and is currently accessible to Qualified Institutional Buyers (QIBs) and Qualified Purchasers (QPs).
