Recently, news broke about the launch of a new Ripple-backed cryptocurrency venture, Evernorth, which is expected to generate more than $1 billion in revenue. The transaction is expected to close in the first quarter of 2026 and will create the largest publicly traded XRP treasury company.
Digital Asset Treasury will focus not only on the accumulation of XRP, but also on the broader advancements of the XRP Ledger ecosystem.
Evernorth plans to offer investors exposure to XRP through a listed vehicle. Unlike passive ETFs, Evernorth grows XRP per share over time through institutional lending, liquidity provision, and DeFi (decentralized finance) yield opportunities.
Evernorth also plans to expand DeFi integrations using Ripple's RLUSD stablecoin as an entryway into XRP-based decentralized finance. This move is expected to increase yield potential and lead to more widespread use of XRP as collateral.
Billion Dollar Catalyst: XRP Ledger Upgrade Comes into the Spotlight
News of Evernorth’s launch sparked excitement in the XRP and crypto community. XRPL dUNL validator Vet breaks down what Evernorth's $1 billion push means for the XRP Ledger ecosystem.
@evernorthxrp After digesting the news.
Let's take a closer look at what you can expect from @evernorthxrp regarding the XRP Ledger and what this means for us.
First, Evernorth wants to play an active role in growing XRP by using XRPL, which is significantly different from ETFs.
1) 🔹Institutional financing. …
— Veterinarian🏴☠️ (@Vet_X0) October 20,
Veterinarians are drawing attention to several XRP Ledger upgrades that are set to spark big changes, alongside Evernorth's recent $1 billion catalyst.
Regarding institutional lending, Vet highlighted XLS-65 and XLS-66, bringing the vault and lending protocols natively to the XRP Ledger, noting that this is an opportunity for Evernorth to borrow against $1 billion in capital and earn yield as a result.
Evernorth will also have access to reform-focused compliance tools such as upcoming permissioned domains and DEXs that can be combined with decentralized identities, credentials, and lending protocols.
Additionally, XRPL's upcoming on-chain privacy for eligible balances and MPT private transfers will help institutions onboard.
