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US investment giant Guggenheim is deepening its move into digital finance by partnering with Ripple to expand its commercial paper offering on the XRP Ledger. The collaboration will bring a US Treasury-backed fixed-income product to the blockchain offering more accessibility to crypto-native markets.
Ripple will invest $10 million into the product which is backed fully by US Treasurys and offers flexible maturity options of up to 397 days. RippleX executive Markus Infanger stated the asset may also be available through Ripple’s US dollar-pegged stablecoin RLUSD which has already reached a $350 million circulation since launching in December.
Guggenheim continues to bridge traditional finance and blockchain innovation following its earlier move in September 2024 when it tokenized a $20 million commercial paper offering on the Ethereum network. This latest step highlights growing confidence in crypto integration across institutional finance.
