Latest news with #MarkusInfanger
Crypto Insight
a day ago
- Business
- Crypto Insight
USDC stablecoin launches on XRP Ledger
Circle's USDC stablecoin launched on the XRP Ledger (XRPL) on Thursday, bringing the overcollateralized dollar-pegged token to users of the layer-1 blockchain network. According to an announcement from Ripple, the launch of USDC on the platform will enable investors to use XRP as a bridge currency to transfer their stablecoins between decentralized exchanges (DEXs) through an auto-bridging feature. Markus Infanger, the senior vice president of RippleX added: 'Stablecoins are key entry points connecting traditional financial markets with the crypto space — essential for use cases focused on utility rather than speculation.' Support for USDC on the XRPL comes amid a concerted push to establish comprehensive stablecoin regulations in the United States, as the sector swells to over $237 billion in market capitalization with geo-strategic and macroeconomic implications. Stablecoins become the focal point of protecting US dollar salability Overcollateralized stablecoin issuers purchase short-term US Treasury bills to back their digital fiat tokens, collecting the yield from these government securities as profit. A growing number of US lawmakers and officials view stablecoins as a way to mitigate de-dollarization by foreign countries offloading US government debt due to concerns over the creditworthiness of the US government and the declining value of the US dollar. As sovereign powers dump US debt instruments, bond yields spike as investors demand higher interest payments to lend to the government. This, in turn, leads to higher debt service costs for the government, causing the $36 trillion national debt to become even more costly to maintain and further inflating the principal amount owed, creating a vicious cycle of debt monetization to pay back creditors and fund the budget. During the White House Crypto Summit on March 7, US Treasury Secretary Scott Bessent promised to prioritize stablecoin development to protect US dollar hegemony by leveraging the demand for stablecoins to increase the salability of the US dollar globally. However, critics of the fiat system like Bitcoin advocate Max Keiser say the plan to shore up declining demand for the US dollar with stablecoins will only delay the inevitable collapse of the dollar but will not save it. Stable tokens backed by gold will outcompete dollar-pegged stablecoins for several reasons, including gold's high stock-to-flow ratio, which protects its value from rapid inflation and price depreciation, according to Keiser. Source:
Crypto Insight
3 days ago
- Business
- Crypto Insight
Investment giant Guggenheim taps Ripple to expand digital debt offering
US investment manager Guggenheim is expanding its digital commercial paper offering through a partnership with Ripple, underscoring the growing convergence between traditional finance and crypto-native enterprises. Under the partnership, Guggenheim's subsidiary, Guggenheim Treasury Services, will make its US Treasury-backed fixed-income asset available on the XRP Ledger, according to Bloomberg. Ripple will invest $10 million in the asset as part of the collaboration. The commercial paper product is fully backed by US Treasurys with customized maturity options of up to 397 days. RippleX executive Markus Infanger told Bloomberg that the product could also be made available for purchase using Ripple's US dollar-pegged stablecoin, RLUSD. Since its launch in December, RLUSD's circulating supply has surpassed $350 million. The Ripple partnership isn't Guggenheim's first foray into the cryptocurrency sector. As previously reported by Cointelegraph, Guggenheim tokenized its $20 million commercial paper offering on the Ethereum blockchain in September 2024. Wall Street eyes RWA tokenization Tokenization is rapidly gaining momentum on Wall Street, as leading financial institutions recognize the benefits of enabling real-world assets (RWAs) to be traded onchain. Among the most notable trends is the tokenization of money market funds, exemplified by BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), Franklin Templeton's OnChain US Government Money Fund, and Fidelity's tokenized US dollar money market fund. Crypto-native companies are also broadening access to tokenized assets for a wider investor base. As Cointelegraph reported, German tokenization protocol Midas recently launched a tokenized Treasury bill on the Algorand blockchain. Unlike BUIDL, which requires a minimum investment of $5 million, Midas' product has no investment minimums, making it accessible to more investors. Meanwhile, blockchain-focused venture firm Jump Crypto recently made an undisclosed investment into Securitize, the tokenization platform behind BlackRock's BUIDL. Securitize has accumulated more than $4 billion in onchain assets, with BUIDL accounting for nearly $3 billion. Source:
Yahoo
3 days ago
- Business
- Yahoo
Ondo launches tokenized US Treasuries on XRPL via Ripple's RLUSD
Ondo launches tokenized US Treasuries on XRPL via Ripple's RLUSD originally appeared on TheStreet. Ondo Finance has launched its flagship tokenized treasury product, Ondo short-term US Government Treasuries (OUSG), on the XRP Ledger (XRPL), where Qualified Purchasers can mint and redeem 24/7 using Ripple's RLUSD stablecoin. This marks the first time tokenized US Treasuries have been directly deployed and accessed via XRPL for qualified purchasers—an impactful move toward bridging traditional finance with institutional-level DeFi. The integration to XRPL now provides capital 24/7 and enables instant minting and redemption within OUSG using RLUSD, creating RLUSD as a key settlement rail for real-world assets (RWAs). OUSG allows exposure to low-risk, short-term US government treasuries via institutional-grade money market funds. OUSG already has $30 million TVL on XRPL and is climbing alongside Ondo Finance's total $1.3 billion TVL in tokenized finance. RippleX SVP Markus Infanger mentioned in a statement, launching OUSG marks a point where institutions can begin to rely on trusted assets on public blockchains, i.e., in a developing tokenized market, Treasuries, not IOUs. Ian De Bode, CSO of Ondo, also noted that the deployment of OUSG on XRPL means OUSG is now poised to expand further composable financial access to an even larger institutional audience. OUSG is already live on Ethereum and Solana, with over $670 million in assets, making it one of the most extensive tokenized Treasury offerings, alongside some of the most prominent tokenized Treasury creators, such as BlueRock and Franklin Templeton, which have allocations in BUIDL, FOBXX, WTGXX, and ULTRA. This launch shows XRPL is becoming more usable for institutions and further develops RLUSD's role beyond payments as a bridge to on-chain financial instruments with stable liquidity and compliance. Ondo launches tokenized US Treasuries on XRPL via Ripple's RLUSD first appeared on TheStreet on Jun 11, 2025 This story was originally reported by TheStreet on Jun 11, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Guggenheim Treasury Services to Issue Digital Commercial Paper on the XRP Ledger
Digital Commercial Paper (DCP), a fixed income asset secured by U.S. Treasuries and rated Prime-1 by Moody's, is now live on the XRP Ledger (XRPL), a public blockchain built for the efficient tokenization of real-world assets. Administered by Guggenheim Treasury Services, one of the largest independent commercial paper platform managers in the world, and a wholly owned subsidiary of Guggenheim Capital, DCP is tokenized, issued, and managed through the Zeconomy platform. On the XRPL, DCP will leverage the network's fast settlement, low transaction costs, and round-the-clock accessibility, modernizing the issuance, transaction, and integration of commercial paper into global treasury and liquidity systems. This expansion to the XRPL builds on DCP's initial launch in September 2024, which has already processed over $280 million in issuance. DCP is fully backed by maturity-matched U.S. Treasury securities and is offered daily at custom maturities of up to 397 days. The asset has received a Prime-1 rating by Moody's, the highest rating available for a short-term debt instrument. DCP is issued through a bankruptcy-remote special purpose vehicle (SPV), Great Bridge Capital Company, established by Guggenheim Treasury Services to ensure investor protections. On the XRPL, DCP can offer institutional clients a highly efficient treasury management solution that can be seamlessly integrated into existing cross-border payment flows. 'We're at a tipping point where tokenization is evolving from experimentation to production in global financial markets,' said Markus Infanger, Senior Vice President of RippleX, said in a prepared statement. 'Institutions are no longer asking if blockchain technology can support regulated financial products, they're asking how they can deploy them at scale. The inception of DCP is a prime example of this shift, and it expands the offering of institutional financial assets coming to the XRPL," Infanger added. DCP offers an ideal solution for digital traders seeking a yield-bearing, on-chain asset to use as collateral in their strategies. 'Zeconomy's platform delivers institutional-grade modules and a powerful toolkit that brings corporations and traditional finance participants together to solve real-world problems on-chain,' said Giacinto Cosenza, CEO at Zeconomy, in a statement. 'The expansion of DCP to the XRPL is a key marker for the future of tokenized finance, combining institutional strength with the enterprise focus of Ripple." Ripple will invest in DCP as part of its broader effort to bring institutional real-world assets to the XRPL. This builds on Ripple's investment in tokenized U.S. Treasuries through projects such as Ondo's OUSG and Archax and abrdn's money market fund. DCP is available exclusively to Qualified Institutional Buyers (QIBs) and Qualified Purchasers (QPs) as defined under applicable securities laws Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
4 days ago
- Business
- Bloomberg
Guggenheim Expands Crypto Foray With Ripple Debt Product Tie-Up
After a successful rollout of its first digital ledger-linked debt offering, Guggenheim Treasury Services is expanding the product in a tie-up with crypto firm Ripple. The digital commercial paper offering will now be available on XRP Ledger, a public blockchain affiliated with Ripple. For its part, Ripple will invest $10 million into the US Treasury-secured fixed income asset, RippleX's Markus Infanger said in an interview. Ripple is also exploring using the product for payments, and considering making it available for purchases with Ripple's stablecoin, the RippleX senior vice president added.
