Digital Commercial Paper (DCP), a fixed income protected by American treasury 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 Activa.
Managed by Guggenheim Treasury Services, one of the largest independent commercial paper platform managers in the world, and a complete subsidiary of Guggenheim Capital, DCP Tokenized, is published and managed via the Zeconomy platform.
On the XRPL, DCP will use the rapid settlement of the network, low transaction costs and 24-hour accessibility, modernizing the issue, transaction and integration of commercial paper in global treasury and liquidity systems.
This expansion to the XRPL builds on the first launch of DCP in September 2024, which has already processed more than $ 280 million in issue. DCP is fully supported by the American Treasury Securities with adulthood and is offered daily for adapted running times of a maximum of 397 days.
The active has received a Prime-1 rating from Moody’s, the highest assessment available for a short-term debt instrument.
DCP is issued via a bankruptcy brake special Purpose Vehicle (SPV), Great Bridge Capital Company, founded by Guggenheim Treasury Services to guarantee investor protection.
On the XRPL, DCP institutional customers can offer a very efficient solution for treasury management that can be seamlessly integrated into existing cross -border payment flows.
“We are at a turning point where tokenization evolves from experiments to production in global financial markets,” said Markus Infanger, senior vice president of Ripplex, said in a prepared statement.
“Institutions no longer ask if blockchain technology can support regulated financial products, they ask how they can use them on a scale. The creation of DCP is a good example of this shift and expands the range of institutional financial assets that come to the XRPL,” Infanger added.
DCP offers an ideal solution for digital traders who are looking for a yield -bearing assets in chains to use as collateral in their strategies.
“The Zeconomy platform supplies institutional quality modules and a powerful tool kit that brings together companies and traditional financial participants to solve Real-World problems on the chain,” said Giacinto Cosenza, CEO of Zeconomy, in a statement. “The expansion of DCP to the XRPL is an important marker for the future of Tokenized Finance, which combines institutional strength with Ripple’s business focus.”
Ripple will invest in DCP as part of his broader efforts to bring institutional real-world assets to the XRPL.
This builds on Ripple’s investment in Tokenized American treasury through projects such as ONDO’s OUSG and Archax and ABRDN’s Money Market Fund.
DCP is exclusively available for qualified institutional buyers (QIBS) and qualified buyers (QPS) as defined under applicable securities laws