Sign Up on MEXC
Highlights
- Ripple partners with Guggenheim, marking a major milestone in tokenization.
- Bill Morgan addresses this deal as a big win for the XRPL.
- Guggenheim will list its US Treasury-backed fixed-income asset on the XRPL.
In the latest development, Ripple has partnered with US investment manager Guggenheim to launch a digital commercial paper (DCP) on the XRP Ledger. This collaboration enables Guggenheim Treasury Services to list its US Treasury-backed asset on the XRPL. XRP lawyer Bill Morgan acknowledges this strategic deal with Guggenheim as a “big win” for XRP Ledger.
Ripple’s Guggenheim Partnership Is a Huge Win for XRPL, Here’s Why
XRP lawyer Bill Morgan took to X earlier today to applaud Ripple’s collaboration with Guggenheim. “I think this is a big win for the XRPL,” wrote Morgan.
Significantly, Guggenheim’s vision is to expand its digital commercial paper (DCP) offering through the Ripple deal. As part of this deal, Guggenheim’s subsidiary, Guggenheim Treasury Services, will list its US Treasury-backed fixed-income asset on the XRP Ledger, with Ripple committing a $10 million investment in the asset.
According to RippleX executive Markus Infanger, the product may also be purchasable with Ripple’s US dollar-pegged stablecoin, RLUSD, in the future. This alliance significantly highlights the blurring gap between traditional finance and crypto industries.
Guggenheim Capital is a global financial services firm, overseeing $345 billion in assets. Addressing Guggenheim’s strategic expansion, Morgan wrote on X,
Guggenheim previously launched this initiative on the Ethereum Blockchain last year and obviously hopes to improve on that experience by tokenizing on the XRPL and take advantage of the faster settlement times and lower fees.
Notably, this alliance comes on the heels of Ripple’s major partnership with Japan’s JETRO-backed Web3 Salon. The deal envisions the establishment of XRPL startups in Japan with up to $2000 in funding.
DCP on XRPL Marks a Major Tokenization Milestone
Interestingly, DCP’s expansion to the XRP Ledger marks a significant milestone in tokenization, evolving from experimentation to production in global financial markets. “We’re at a tipping point where tokenization is evolving from experimentation to production in global financial markets,” noted Infanger. He added,
Institutions are no longer 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.
As tokenization is becoming a widely acknowledged trend, especially among the Wall Street giants, Ripple’s Guggenheim is a major acquisition. Giacinto Cosenza, CEO at Zeconomy, stated, “The expansion of DCP to the XRPL is a key marker for the future of tokenized finance, combining institutional strength with the enterprise focus of Ripple.”
Ripple is also focusing on blockchain education, having recently invested $5 million in the University Blockchain Research Initiative (UBRI) for the Asia-Pacific (APAC) region.
- Michael Saylor Credits Bitcoin for Strategy’s Outperformance Over ‘Mag 7’ Stocks
- XRP Overtakes Shopify, Verizon, Citigroup in Market Value as Price Eyes $6
- Altcoin Season Index Hits New High As ETH, SOL, DOGE, and XRP Rally
- ‘Huge Breakthrough,’ Peter Brandt Says as Dogecoin Reclaims $0.30 Ahead ETF Launch
- Bitcoin Bull Cycle Could Extend To 2026, Arthur Hayes Predicts
- Bitcoin Price Prediction: Q4 Rally Looms as ETF Inflows Hit $642M—Analyst eyes $150K
- Pepe Coin Price Prediction as the Token Jumps Nearly 20% – Will Whale Accumulation Take it to $0.00003?
- Pi Coin Price Prediction As Adam & Eve Pattern Signals Breakout Rally To $0.45 Ahead
- HBAR Price Prediction Amid DTCC Listing and Archax Expansion — Is $0.50 Next?
- Ethereum Price Eyes a 40% Surge as Morgan Stanley Shifts Fed Cuts Forecast
