Evernorth CEO Claims XRP Is Ready for a New Institutional Yield Era

TL;DR

• Evernorth says institutional readiness makes this a key moment for XRP adoption.

• The company plans to deploy 388M XRP into yield products across the XRPL.

• Arizona advanced a reserve bill that includes XRP among approved assets.

• XRP trades near $1.43 as analysts watch key support at the $1.30 level.

Evernorth CEO Asheesh Birla said he has “been waiting for this moment around XRP” as conditions form for a new phase of institutional activity. Birla shared the view in a recent YouTube presentation explaining how Evernorth is building an XRP-focused yield economy. He said several major developments have aligned to support broader use of XRP across financial markets.

Birla has worked in the XRP ecosystem for more than ten years. He believes that lending, payments, and even securities trading can now move on public blockchains. In his view, the technology has matured and institutions are now prepared to use decentralized tools at scale. He said that “everything is aligning” for a treasury-backed model built around XRP.

Evernorth’s Strategy for XRP Yield

Evernorth positions itself as a digital asset treasury dedicated to XRP. The firm says it holds more than 388 million XRP and plans to deploy these assets into yield-based instruments on the XRP Ledger. This approach seeks to earn returns on the treasury while supporting new liquidity pools and DeFi protocols.

The firm said its strategy has two goals. One is to generate yield on long-term XRP holdings. The second is to provide institutional capital to new applications on XRPL. Birla said Evernorth plans to run validators, support new protocols, and help shape technical standards for products that use XRP. He said these actions will strengthen liquidity and encourage more financial institutions to operate on-chain.

Birla also said the company aims to deepen the use of XRP in areas such as cross-border transfer, lending markets, and liquidity services. He said that clearer regulations and improved DeFi tools on XRPL have made this period suitable for institutional entry.

Key Catalysts for XRPL and Evernorth

Birla named three factors driving Evernorth’s launch timing. These include regulatory clarity around XRP after recent court decisions, new DeFi infrastructure on XRPL, and institutional capital that is now ready to bridge into the network. He said these create a “perfect time” for a treasury-backed model built on the Ripple token.

Community discussions have focused on the firm’s upcoming Nasdaq listing under the ticker XRPN. Evernorth said it plans to complete the listing in the first quarter of 2026. Some observers say the move resembles the strategy of companies that have used Bitcoin holdings as part of their balance sheets. Analysts say this may signal new interest from corporate treasuries that want exposure to digital assets.

The developments support a broader shift in which institutional DeFi activity is expanding across the XRP Ledger. Market researchers say more projects are appearing in lending, automated market making, and tokenized liquidity. These trends help establish the foundation for a yield economy based on Ripple token.

Arizona Advances Digital Asset Reserve Plan

Meanwhile, the Arizona Senate Finance Committee approved Senate Bill 1649. The bill proposes a state-run Digital Assets Strategic Reserve Fund.

The initiative would allow Arizona to hold seized or surrendered digital assets, including Bitcoin, Ripple token, DigiByte, stablecoins, and other tokens. The fund would be managed by the state treasurer and could lend out assets to earn returns.

The legislation passed committee with a 4–2 vote and now moves to the full Senate. If approved, it would allow Arizona to manage digital assets as part of a financial reserve. Supporters say the effort could expand the state’s role in digital asset markets. They also say it may increase confidence among Ripple token holders as official entities begin to use regulated frameworks.

Amid these announcements, XRP has traded near $1.43 on Thursday after a recent pullback. The market remains cautious as traders evaluate support at the $1.30 level. Technical measures such as the RSI and MACD show the possibility of recovery if selling pressure eases.

The post Evernorth CEO Claims XRP Is Ready for a New Institutional Yield Era appeared first on CoinCentral.