XRP Ledger Launches U.S. Treasury-Backed Asset

XRP Ledger has taken a major step toward reshaping tokenized finance with the launch of a Digital Commercial Paper (DCP), a fixed-income product fully backed by U.S. Treasuries. The asset, created and managed by Guggenheim Treasury Services, brings modernized treasury management capabilities to institutional investors through the power of the XRPL network.

According to Ripple’s official announcement, DCP carries a Prime-1 rating from Moody’s, indicating high credit quality. This rating adds a layer of confidence for institutions exploring new, blockchain-powered avenues for fixed-income investments.

The launch of DCP illustrates how the XRPL is being utilized to streamline traditional financial instruments. By leveraging the ledger’s speed and reliability, DCP allows for rapid settlements, minimal transaction fees, and continuous 24/7 availability—an edge over legacy financial systems. The initiative aims to bridge traditional treasury management with blockchain efficiency, enhancing value for institutional users.

Leveraging Zeconomy for Secure and Scalable Issuance

The DCP is tokenized and administered using the Zeconomy platform, a comprehensive system tailored for the compliance-focused needs of institutional finance. Assets are issued via Great Bridge Capital Company, a Special Purpose Vehicle (SPV) constructed to be bankruptcy-remote. This structural setup ensures that DCP remains a secure option for investors, even in the face of financial turbulence.

Zeconomy provides broad coverage for digital asset governance, effective platform integration, and a suite of tools geared toward corporations and participants from traditional finance. This infrastructure ensures that the management of DCP adheres to institutional standards while offering the benefits of tokenization. Importantly, access is tailored for Qualified Institutional Buyers and Qualified Purchasers, adding an additional layer of regulatory alignment and exclusivity.

Since its market debut in September 2024, DCP has already facilitated more than $280 million in transactions. The underlying securities, notably U.S. Treasury instruments, offer maturity windows of up to 397 days—positioning DCP as a reliable and flexible short-term debt investment. Combined with its Moody’s Prime-1 rating, this positions it well among institutional buyers seeking digital alternatives to commercial paper.

Why XRP Ledger Is an Ideal Home for Tokenized Assets

The decision to build DCP on the XRP Ledger was not arbitrary. XRPL is renowned for its speed, consistency, and cost-efficiency, which are indispensable characteristics for tokenized asset markets. Since its inception in 2012, the ledger has completed over 3.3 billion transactions without any security compromises—an unparalleled achievement in blockchain infrastructure.

Its resilience and scalability allow it to support large volumes of commercial transactions, making it an excellent match for the high-throughput requirements of assets like DCP. Furthermore, XRPL’s design for around-the-clock operation eliminates downtime and helps reduce operational overhead for parties involved in issuance and trading. This ensures accessibility and efficiency beyond traditional banking hours.

As highlighted in a related XRPL report, the platform’s ongoing evolution continues to support innovative financial use cases, including native passive income generation and tokenization of real-world assets.

Commenting on the integration, Markus Infanger, Senior Vice President of RippleX, underlined the significance of DCP’s launch:

“The inception of DCP is an example of this shift, and it expands the offering of institutional financial assets coming to XRP Ledger. The XRP Ledger is the backbone, established to support regulated financial assets that need efficiency, scalability, and compliance features that meet the demands of global markets.”

Related: Expert Advice: Sell XRP If You’re Confused

By merging the stability of U.S. Treasury backing with the dynamic features of XRPL, DCP represents a powerful fusion of traditional and decentralized finance. This milestone not only boosts XRP Ledger’s profile but also signifies growing institutional trust in blockchain technologies for real-world financial applications.