Guggenheim Companions is bringing its Treasury-backed fixed-income product to the XRP Ledger (XRPL) via a brand new partnership with Ripple, Bloomberg Information reported on June 10.
Guggenheim Treasury Companies, a subsidiary of the funding big, will provide tokenized US business paper with personalized maturity phrases of as much as 397 days on XRPL.
The product is absolutely backed by US Treasurys and goals to offer institutional-grade fixed-income publicity in a tokenized format. The event comes amid rising institutional curiosity in Ripple’s community.
As a part of the settlement, Ripple will contribute $10 million to the asset, marking a strategic funding aligned with its push to broaden real-world asset (RWA) tokenization throughout decentralized ecosystems.
The fixed-income product may develop into accessible for buy utilizing RLUSD, Ripple’s US dollar-pegged stablecoin. Since its debut in December, RLUSD’s provide has surpassed $300 million and operates throughout each the Ethereum community and the XRP Ledger.
The partnership builds on Guggenheim’s earlier foray into blockchain finance. In September 2024, the agency tokenized $20 million price of economic paper on Ethereum (ETH), a transfer that marked its first experiment with on-chain debt devices.
That initiative laid the groundwork for broader exploration into how blockchain can streamline issuance, settlement, and entry to short-term credit score merchandise.
Tokenized Treasurys and cash market funds are gaining traction as asset managers search to modernize distribution and settlement.
Business leaders together with BlackRock and Franklin Templeton have launched blockchain-native variations of cash-equivalent funds, whereas tokenization platforms akin to Securitize are reducing entry boundaries for buyers.
As of the tip of March, the RWA market has now surpassed $10 billion in complete worth locked, with tokenized US Treasurys accounting for the overwhelming majority of it.
The Ripple-Guggenheim partnership represents a broader shift as monetary incumbents look to combine blockchain for larger transparency, effectivity, and accessibility within the fixed-income market.