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Ripple, XRPL News: Guggenheim Treasury Services Taps Zeconomy to Issue Digital Commercial Paper on the XRP Ledger
- Guggenheim Treasury Services launched Digital Commercial Paper , a fixed-income asset secured by U.S. Treasuries, on the XRP Ledger in September 2024.
- This launch follows a strategic shift to leverage XRP Ledger's scalability, 24/7 settlement, and low transaction costs to address inefficiencies in commercial paper markets.
- DCP is issued through Guggenheim's bankruptcy-remote special purpose vehicle, Great Bridge Capital Company, and managed via Zeconomy's institutional platform for qualified buyers.
- Since its launch, DCP has facilitated issuance transactions exceeding $280 million and holds Moody's highest short-term debt rating, Prime-1.
- The DCP initiative expands tokenized asset offerings on XRP Ledger, reinforcing Ripple's real-world asset strategy and suggesting growing institutional adoption of blockchain-based finance.
16 Articles
16 Articles
Ripple Notches Major Institutional Win As Wall Street Titan Guggenheim Tokenizes Digital Commercial Paper On XRP Ledger
Ripple just notched a major win as Guggenheim Treasury Services, a subsidiary of financial services giant Guggenheim Partners, has brought its flagship on-chain Digital Commercial Paper (DCP) product to the XRP Ledger (XRPL). Digital Commercial Paper Now Live On XRPL Initially launched on Ethereum last September, Digital Commercial Paper (DCP) is a kind of fixed-income asset secured by U.S. Treasuries and rated Prime-1 by Moody’s — the highest r…
Guggenheim Treasury Uses Zeconomy to Launch Digital Paper on XRP Ledger
Expanding the Boundaries of Digital Finance: DCP Launches on the XRP Ledger The financial landscape is witnessing a significant shift with the introduction of Digital Commercial Paper (DCP) on the XRP Ledger (XRPL), a pioneering move aimed at modernizing the issuance and transaction of commercial paper. This development marks the first native issuance of digital […]
With over $280 million in volume already processed, the Digital Commercial Paper (DCP) represents the first native issuance of digital debt instruments on the XRP Ledger (XRPL). This step marks...
CoinStats - Ripple Expands Institutionally as Guggenheim ...
Guggenheim Treasury Services has officially chosen the XRP Ledger to issue its Digital Commercial Paper (DCP), expanding Ripple’s role in institutional finance. The asset, secured by U.S. Treasuries and rated Prime-1 by Moody’s, is now live on the public blockchain. Tokenized and managed through the Zeconomy platform, DCP brings institutional-grade fixed income directly onto the XRP Ledger. The switch allows settling in less time, lower transact…
First Native Digital Commercial Paper Issued on XRP - Markets Media
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 Digital Commercial Paper DCP, a fixed income asset secured by U.S. Treasuries and rated Prime-1 by Moody’s, is now live on the XRP Ledger (XRPL), a public blockchain built for the efficient tokenization of real-world assets. Administered by Guggenheim Treasury Services, o…
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