Ripple Partners with Guggenheim to Launch Digital Commercial Paper (DCP) on the XRP Ledger

In the latest development, Ripple has partnered with US investment manager Guggenheim to launch a digital commercial paper (DCP) on the XRP Ledger.

In a recent development, US investment manager Guggenheim is launching its digital commercial paper (DCP) on the XRP Ledger in partnership with Ripple. This collaboration will see Guggenheim Treasury Services list its US Treasury-backed asset on the XRPL, with Ripple making a $10 million investment in the asset.

Highlighting the strategic importance of the deal for the XRP ecosystem, XRP lawyer Bill Morgan took to X to note that “I think this is a big win for the XRPL.”

Guggenheim is aiming to broaden the offering of its DCP, which was initially launched on the Ethereum blockchain last year.

“Guggenheim Capital is a global financial services firm, managing $345 billion in assets for institutions, wealthy families and individuals. They launched this initiative on the Ethereum Chain last year and obviously hopes to improve on that experience by tokenizing on the XRPL and take advantage of the faster and cheaper rates.”

This partnership follows another key deal by Ripple, which will see the creation of XRPL startups in Japan.

As part of a partnership with Japan’s JETRO-backed Web3 Salon, the two will launch a program to support the development of XRPL startups in Japan, with each startup receiving up to $2000 in funding.

DCP on XRPL marks a major tokenization milestone

Expanding on the significance of DCP’s arrival on the XRP Ledger, it marks a major step forward for tokenization as it transitions from experimentation to integration within global financial markets.

“We’re at a tipping point where tokenization is evolving from experimentation to production in global financial markets,” said RippleX executive Markus Infanger. “Institutions aren’t asking if blockchain technology can support regulated financial products; they’re asking how they can deploy them at scale. The inception of DCP is a prime example of this shift, and it expands the offering of institutional financial assets coming to the XRPL.”

The partnership between Ripple and Guggenheim comes as both institutions are making a significant push into the burgeoning tokenization sector.

As part of its broader strategy to support the next generation of Web3 builders, Ripple has also invested $5 million in the University Blockchain Research Initiative (UBRI) for the Asia-Pacific (APAC) region.