Olga Kharif
Jun 10, 2025
After a successful rollout of its first digital ledger-linked debt offering, Guggenheim Treasury Services is expanding the product in a tie-up with crypto firm Ripple.
Bloomberg - The digital commercial paper offering will now be available on XRP Ledger, a public blockchain affiliated with Ripple. For its part, Ripple will invest $10 million into the US Treasury-secured fixed income asset, RippleX’s Markus Infanger said in an interview. Ripple is also exploring using the product for payments, and considering making it available for purchases with Ripple’s stablecoin, the RippleX senior vice president added.
The expansion builds on last September’s launch on the Ethereum blockchain. Since then over $280 million in issuance has been processed, according to a statement.
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Excluding stablecoins, XRP Ledger is currently a small part — with about $117 million in tokenized assets — of the $23.4 billion universe of real-world tokenized assets, per tracker rwa.xyz. XRP Ledger is also piloting directly linking real estate deeds to blockchain-based representations of ownership.
The digital commercial paper product is fully backed by maturity-matched US Treasuries, and is offered daily at custom maturities of up to 397 days. It is tokenized and managed through Zeconomy’s platform.