Deployments · platform by Zeconomy

Guggenheim Treasury Services Digital Commercial Paper (DCP)New

Commercial paper issued natively on public blockchains by Great Bridge Capital Company, a bankruptcy-remote vehicle run by Guggenheim Treasury Services, on Zeconomy's AmpFi.Digital platform. Each note is backed by US Treasuries of matching maturity, carries Moody's Prime-1 rating and can be issued daily for up to 397 days. It launched on Ethereum in September 2024 with $20 million, moved onto the XRP Ledger in June 2025 with Ripple as an investor, and had processed over $280 million of issuance by then. Sold to qualified institutional buyers and qualified purchasers.

Live (limited) since 26 Sep 2024^[1]i — About $40 million outstanding on the XRP Ledger in October 2026; none left on Ethereum. · Reviewed 21d ago i

Assets

Debt security^[2]

Treasury-backed asset-backed commercial paper issued natively on chain; asset type under editor decision 2026-10-18-bond-funds-mixed-1

Networks

Ethereum Public, permissionless^[1]

RWA.xyz shows no supply on Ethereum in October 2026.

XRP Ledger Public, permissionless^[2]

Use cases i

Primary issuance^[2][1]Treasury management^[2]

Jurisdictions

United States

Participants

• Guggenheim Treasury ServicesOperator, Asset manager^[2]United States
• Great Bridge Capital CompanyIssuer^[2]United States
• ZeconomyPlatform provider, Technology provider^[2][1]United States
• RippleInvestor^[2]United States
• U.S. BankCustodian^[4]United States
• Great Bridge Capital CompanyTransfer agent or registrar^[4]United States

Likely relevant regulation i

• SEC framework for tokenised securities and crypto assets (federal securities laws, staff statements and exemptive relief)United States

Assets

• IssuesGuggenheim Treasury Services Digital Commercial Paper (DCP)^[2]

Metrics i

• over $280mCommercial paper issued since launch · as of 10 Jun 2025^[2]
• $40.36mOutstanding on XRP Ledger · as of 16 Oct 2026 · on XRP Ledger^[3]
  On-chain via RWA.xyz (face value at $1 per token); Ethereum supply was zero.

Timeline

1. Happened 10 Jun 2025 · Scope expansion · recorded 18 Oct 2026
   DCP goes live on the XRP Ledger, with Ripple to invest; over $280 million issued since launch.^[2]
2. Happened 26 Sep 2024 · Launch · recorded 18 Oct 2026
   Guggenheim Treasury Securities issues $20 million of Digital Commercial Paper on Ethereum through Zeconomy's AmpFi.Digital, rated P-1 by Moody's.^[1]

Sources i