US Edition
Guggenheim Expands Crypto Foray With Ripple Debt Product Tie-Up
- On June 10, Guggenheim Partners announced it will offer its Treasury-backed tokenized US commercial paper with maturities up to 397 days on the XRP Ledger through a new partnership with Ripple.
- This partnership follows Guggenheim's earlier launch of $20 million digital commercial paper on Ethereum in September 2024 and reflects growing institutional interest in blockchain-based fixed-income products.
- Ripple will strategically invest $10 million into the product and explore using its RLUSD stablecoin for purchases, aiming to expand real-world asset tokenization across decentralized platforms.
- The digital commercial paper product, fully supported by US Treasuries and rated P-1 by Moody’s, saw Guggenheim facilitate issuance exceeding $280 million on Ethereum prior to its launch on the XRP Ledger.
- This development illustrates a broader shift as financial institutions increasingly adopt blockchain technology to modernize trading and settlement of short-term debt instruments on scalable platforms.
17 Articles
17 Articles
Ripple Secures $280M Partnership as Guggenheim Brings Digital Debt to XRP Ledger
Guggenheim and Ripple have teamed up to bring a US Treasury-backed fixed-income asset to the XRP Ledger (XRPL). Guggenheim is reported to have issued and redeemed $10.3 trillion of Asset-Backed Commercial Paper (ABCP) in the last 27 years. Guggenheim, a reputable investment manager in the US, has announced a strategic partnership with Ripple to expand its digital commercial paper offering effectively. According to the press statement, this deve…
Ripple Joins Guggenheim To Launch US Treasury-Backed Digital Paper On XRP Ledger
Guggenheim’s DCP is now live on XRPL, backed by Treasurys and rated Prime-1 by Moody’s. Ripple invests $10M to support DCP launch, boosting RLUSD’s institutional utility. Tokenized Treasurys on public blockchains surpass $7B as Wall Street embraces RWAs. US investment manager Guggenheim has taken another step into blockchain-based finance by expanding its digital commercial paper (DCP) product through a new partnership with Ripple. Bloomberg rep…
Guggenheim Tokenizes Commercial Paper on XRP Ledger – #CryptoUpdatesGNIT
US investment manager Guggenheim is expanding its digital commercial paper offering through a partnership with Ripple, underscoring the growing convergence between traditional finance and crypto-native enterprises. Under the partnership, Guggenheim’s subsidiary, Guggenheim Treasury Services, will make its US Treasury-backed fixed-income asset available on the XRP Ledger, according to Bloomberg. Ripple will invest $10 million in the asset as part…
Ripple Continues To Forge Strong Allies In TradFi With Guggenheim Partnership
Ripple partnered with Guggenheim to bring the investment manager’s treasury-backed debt product to the XRPL. The blockchain solutions provider invested $10 million in the new product to support the partnership. Ripple continues to build momentum in forging strong alliances within traditional finance (TradFi). Today, the company has unveiled a newly forged partnership with Guggenheim’s subsidiary, Guggenheim Treasury Services. The Ripple and Gugg…
Guggenheim Tokenizes Commercial Paper on XRP Ledger
US investment manager Guggenheim is expanding its digital commercial paper offering through a partnership with Ripple, underscoring the growing convergence between traditional finance and crypto-native enterprises. Under the partnership, Guggenheim’s subsidiary, Guggenheim Treasury Services, will make its US Treasury-backed fixed-income asset available on the XRP Ledger, according to Bloomberg. Ripple will invest $10 million in the asset as part…
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