CME Exchange Lists XRP Futures as Evernorth Launches $1B Treasury Business
Ripple's legal clarity has sparked significant institutional interest in XRP, prompting Evernorth to launch a $1 billion treasury business focused on the asset. This development highlights crypto's maturation, with infrastructure now bridging traditional finance and blockchain networks.
The Chicago Mercantile Exchange's listing of XRP futures and multiple ETF filings demonstrate growing mainstream acceptance. "This isn't the ceiling—it's the foundation," stated Evernorth CEO Asheesh Birla in an interview with Thinking Crypto, revealing expansion plans in Asia through partnerships with SBI Holdings and Arrington XRP Capital.
Japan and South Korea have emerged as key markets, leveraging Ripple's existing payment corridors. These strategic alliances aim to integrate XRP more deeply into regional financial systems, transforming it from a speculative asset into settlement infrastructure.
