Guggenheim Treasury Services, a leader in commercial paper management, has launched its Digital Commercial Paper (DCP) product on the XRP Ledger (XRPL), marking the first native digital commercial paper live on this blockchain. DCP is a short-term, U.S. Treasury-backed debt instrument rated Prime-1 by Moody's and trusted by institutional investors seeking safe and yield-bearing assets. Since its launch in late 2024, DCP has processed over $280 million in volume.
The integration on XRPL, facilitated by the Zeconomy platform, enables secure issuance, real-time settlement, compliance tools, and institutional-grade custody through Great Bridge Capital. This move provides institutions with faster, 24/7 transaction capabilities and real-time liquidity management, eliminating traditional multi-day settlement delays. DCP can serve multiple functions including cross-border payments, collateral, and liquidity support without waiting for prolonged clearance.
XRPL’s proven reliability—with more than 3.3 billion transactions without failures or breaches—and a network of over 200 validators supporting more than six million wallets globally make it a strong choice for institutional financial products. DCP complements XRPL’s growing suite of tokenized real-world assets and fixed-income solutions such as Ondo’s OUSG and Archax’s offerings. Ripple is actively expanding tokenized asset adoption as part of its broader strategy.
The tokenization of assets like DCP represents a significant transformation in traditional finance, with the broader tokenized asset market expected to reach $19 trillion by 2033. Guggenheim’s move positions XRPL as a scalable, compliant blockchain infrastructure for large-scale institutional treasury and liquidity operations.