Ripple’s XRP Ledger Powers Guggenheim’s New Digital Debt Product

Guggenheim Treasury Services, a division of the renowned U.S. investment firm Guggenheim Capital, has launched a groundbreaking new financial product called Digital Commercial Paper (DCP) on Ripple’s XRP Ledger. This innovative product allows institutional investors to purchase short-term debt backed by U.S. Treasury bonds with ease. The DCP was first unveiled on the Ethereum blockchain in September 2024 and has already issued over $280 million in value.