Investment giant Guggenheim taps Ripple to expand digital debt offering

Description

US investment manager Guggenheim is expanding its digital commercial paper offering through a partnership with Ripple, underscoring the growing convergence between traditional finance and crypto-native enterprises.

Authors

Sam Bourgi

Publish date

June 10, 2025

Publisher

Cointelegraph

Web URL

https://cointelegraph.com/news/guggenheim-ripple-digital-debt-offering-xrpl

Referenced by

Guggenheim Treasury launches DCP on XRP Ledger

Crypto news

News story

Tokenization is rapidly gaining momentum on Wall Street, as leading financial institutions recognize the benefits of enabling real-world assets (RWAs) to be traded onchain. Among the most notable trends is the tokenization of money market funds, exemplified by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), Franklin Templeton’s OnChain US Government Money Fund, and Fidelity’s tokenized US dollar money market fund.

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Quote

Under the partnership, Guggenheim’s subsidiary, Guggenheim Treasury Services, will make its US Treasury-backed fixed-income asset available on the XRP Ledger, according to Bloomberg. Ripple will invest $10 million in the asset as part of the collaboration.

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