Guggenheim Collaborates with Ripple to Issue Digital Bonds on XRP Ledger, Reinforcing Wall Street's Asset Tokenization Trend.
Guggenheim Investment Management Group has just announced a strategic partnership with Ripple to issue digital bonds on XRP Ledger, thereby strongly promoting the ongoing asset tokenization trend on Wall Street.
According to the agreement, Guggenheim Treasury Services will issue a fixed digital bond product, fully secured by US Treasury bonds. This product will have a flexible term of up to 397 days and will be traded using RLUSD – a stablecoin pegged to the US dollar issued by Ripple. Additionally, Ripple commits to directly investing $10 million in this bond product.
This is not Guggenheim's first venture into asset tokenization. In September 2024, the group successfully issued a tokenized commercial note worth $20 million on the Ethereum blockchain. These moves clearly reflect Guggenheim's consistent strategy of applying blockchain technology to core financial products.
The partnership between Guggenheim and Ripple is not an isolated case, but demonstrates an increasingly clear trend on Wall Street where major financial institutions are accelerating the tokenization of real assets. Leading financial groups such as BlackRock with the BUIDL fund, Franklin Templeton with the On-Chain US Government Fund, and Fidelity are actively deploying tokenized money market fund products.
The common goal is to leverage blockchain advantages to increase liquidity, transparency, and transaction efficiency for traditional asset types.
In parallel, pure cryptocurrency companies are also contributing to the tokenization wave by making financial products more accessible to individual investors. For example, Germany's Midas tokenization protocol recently launched a US Treasury bond product on the Algorand blockchain without a minimum investment requirement – a significant difference from products from large groups like BlackRock, which require an initial investment of up to $5 million.
In this context, venture investors are also strongly investing in blockchain infrastructure for asset tokenization. Jump Crypto recently invested in the Securitize platform – the company behind BlackRock's BUIDL fund. This platform currently manages over $4 billion in on-chain assets, demonstrating the significant speed and scale of the shift from traditional assets to the blockchain environment.
