Digital Commercial Paper Launches on XRP Ledger with Guggenheim Treasury Services

Digital Commercial Paper (DCP) has launched on the XRP Ledger (XRPL), a fixed income asset backed by U.S. Treasuries and rated Prime-1 by Moody’s. Key points include:

DCP is managed by Guggenheim Treasury Services and issued through the Zeconomy platform.
It utilizes XRPL's fast settlement, low costs, and 24/7 accessibility for modernizing commercial paper transactions.
Since its initial launch in September 2024, DCP has processed over $280 million in issuance.
The asset is fully backed by U.S. Treasury securities with maturities up to 397 days.
DCP is issued through a bankruptcy-remote special purpose vehicle (SPV), ensuring investor protections.
The offering targets institutional clients as an efficient treasury management solution integrated into cross-border payments.
Ripple is investing in DCP to enhance institutional assets on XRPL.
DCP is available only to Qualified Institutional Buyers (QIBs) and Qualified Purchasers (QPs).

Markus Infanger from RippleX noted that tokenization is moving towards production in financial markets, reflecting a shift in institutional interest in blockchain technology.