Guggenheim and Ripple launch DCP on XRP Ledger, streamlining cross-border payments with fast, cost-effective blockchain solutions.
Guggenheim Treasury Services has launched a new Digital Commercial Paper (DCP) on the XRP Ledger platform in collaboration with Zeconomy. This simplifies the integration of blockchain technology into traditional banking and financing for large corporations.
Moody’s-Rated DCP Token Accelerates Cross-Border Payments
As stated in the Ripple press release, the DCP is a short-term debt instrument that serves as a safeguard for investors. It is issued by a digital corporation named Great Bridge Capital. Moody’s has assigned it a high rating, which serves as confirmation of its dependability.
Guggenheim can effectively administer and supervise digital assets through Zeconomy’s platform, improving major organizations’ financial management. The XRP Ledger-powered DCP is capable of processing international payments and providing a solution to issues such as costly costs and delays. Blockchain enables businesses to reduce expenses, whereas conventional methodologies typically require an extended period.
Companies can facilitate payments that are both straightforward and comprehensible to all individuals by incorporating DCP into their payment systems. Markus Infanger of RippleX affirms that the application of blockchain technology has evolved from mere experiments to tangible applications.
The XRP Ledger was developed to enable the swift and large-scale execution of financial transactions that adhere to the regulations established by regulatory bodies.
Tokenized finance is undergoing significant transformations due to the DCP on XRP Ledger
Meanwhile, Ripple and BCG anticipate that tokenized asset markets such as DCP will experience a significant increase from $600 million in 2025 to nearly $19 trillion by 2033. The shift is being led by bonds, which are analogous to DCP. Banks and corporations are implementing blockchain technology to enhance operational efficiency and expand operations.
Zeconomy’s CEO, Giacinto Cosenza, believes the platform employs blockchain technology to address genuine financial challenges. Ripple has invested in the DCP to attract additional institutional capital to the XRP Ledger as a result of the success of its work with tokenized US Treasuries.
This follows movements such as the USD Coinvertible launch on Ethereum and Solana by Societe Generale, demonstrating the increasing institutional interest in blockchain-based assets. With the assistance of more than 200 validators, the XRP Ledger has successfully processed over 3.3 billion transactions without any issues since 2012.
At present, only investors who are classified as Qualified Institutional Buyers and Qualified Purchasers are permitted to invest in DCP. It demonstrates that blockchain is the primary factor driving significant changes in the financial landscape of the leading players.
This transition is further validated by the fact that 60% of Fortune 500 companies have already implemented blockchain solutions, as a Coinbase report indicates.
