Guggenheim Partners brings his Treasury-Supported Fixed Income Product to the XRP Ledger (XRPL) via a new partnership with Ripple, Bloomberg News reported on June 10.
Guggenheim Treasury Services, a subsidiary of the investment giant, offers Tokenized American Commercial article with adapted adulthood conditions up to 397 days on XRPL.
The product is fully supported by American Treasurys and is intended to offer institutional quality exposure to fixed-income income in a tokenized format. The development is amid increasing institutional interest in the Ripple network.
As part of the Agreement, Ripple will contribute $ 10 million to the active, so that a strategic investment is tailored to his push to expand Real-World Asset (RWA) tokenization on decentralized ecosystems.
The product with fixed interest can also become available for purchase using RLUSD, Ripple’s US Dollar Pegged Stablecoin. Since the debut in December, RLUSD’s offer has surpassed $ 300 million and has been working in both the Ethereum network and the XRP whides.
The partnership builds on Guggenheim’s earlier trip to blockchain financing. In September 2024, the company put $ 20 million in commercial article on Ethereum (ETH), a movement that marked his first experiment with debt instruments for chains.
That initiative laid the foundation for wider exploration to how blockchain can streamline issue, settlement and access to short -term credit products.
Tokenized Treasurys and money market funds win the traction as asset managers try to modernize distribution and settlement.
Industrie leaders, including BlackRock and Franklin Templeton, have launched blockchain-native versions of cash equivalent funds, while tokenization platforms such as Securitize lowered the access barriers for investors.
From the end of March, the RWA market has now surpassed $ 10 billion in total value, with tokenized American treasuries that are good for the vast majority of it.
The Ripple-Guggenheim partnership represents a broader shift, because financial established operators want to integrate blockchain for more transparency, efficiency and accessibility in the market with fixed interest.
