XRP’s Institutional Breakthrough: Evernorth’s $1B Strategic Treasury Move

In a groundbreaking development for the XRP ecosystem, Evernorth Holdings has unveiled an innovative institutional vehicle that marks a significant departure from traditional cryptocurrency investment approaches. Backed by Ripple veterans and major crypto investors, this Nevada-based platform is pioneering an active treasury strategy rather than passive price tracking. The recent merger with Armada Acquisition Corp II has secured over $1 billion in expected proceeds, positioning Evernorth to execute substantial open-market XRP purchases while simultaneously driving ecosystem growth. This strategic move represents one of the most substantial institutional commitments to XRP to date, signaling growing confidence in the digital asset's long-term potential. The timing is particularly noteworthy as it precedes anticipated developments in the regulatory landscape and potential exchange listings. Unlike conventional ETFs that simply mirror price movements, Evernorth's active management approach allows for strategic accumulation during market opportunities and direct investment in XRP-based projects and infrastructure. This $1 billion war chest enables the platform to not only accumulate XRP but also fund development initiatives, partnerships, and technological advancements within the XRP ecosystem. The involvement of Ripple veterans brings deep industry expertise and understanding of XRP's unique value proposition in cross-border payments and settlement. This substantial institutional backing could potentially catalyze broader adoption and recognition of XRP's utility beyond speculative trading. As institutional interest in digital assets continues to mature, Evernorth's innovative approach sets a new precedent for how sophisticated investors can gain exposure to specific cryptocurrencies while actively contributing to their ecosystem development. The platform's strategy combines strategic accumulation with ecosystem investment, creating a virtuous cycle that could accelerate XRP's integration into mainstream financial infrastructure.

Evernorth Launches XRP Vehicle Ahead of Nasdaq Listing

Evernorth Holdings, a Nevada-based institutional platform backed by Ripple veterans and major crypto investors, is taking a novel approach to XRP exposure. Instead of passively tracking token prices like a traditional ETF, the firm is building an active treasury strategy. Its merger with Armada Acquisition Corp II secured over $1 billion in expected proceeds to fund open-market XRP purchases and ecosystem growth.

The platform plans to increase the amount of XRP per share by deploying its treasury into lending and liquidity operations—a MOVE that applies traditional asset management strategies to blockchain markets. CEO Asheesh Birla, a longtime Ripple executive, positioned Evernorth as a vehicle to meet institutional demand for compliant, yield-generating digital assets.

Ripple CEO Brad Garlinghouse endorsed the strategy, which focuses on utility-driven growth through payments, lending, and DeFi participation. The launch signals growing institutional willingness to move beyond passive exposure and actively participate in crypto markets.

Ripple-Backed Evernorth to Raise $1B in Nasdaq SPAC Deal for XRP Treasury

Evernorth, a venture backed by Ripple, is pursuing a $1 billion public listing on Nasdaq through a SPAC merger with Armada Acquisition Corp II. The funds will establish what could become the largest institutional treasury of XRP, signaling growing crypto integration into traditional finance.

Former Ripple executive Asheesh Birla will lead the new entity, aiming to mirror Ethereum's ecosystem success by creating a dedicated institutional framework for XRP. The move underscores Ripple's continued efforts to position XRP as a bridge asset in global financial markets.

The SPAC deal represents one of the most significant attempts to bring cryptocurrency holdings into mainstream corporate treasury management. Market observers note this could set a precedent for other digital assets seeking institutional validation.

Evernorth Holdings Announces $1 Billion XRP Treasury Plan with Ripple's Support

Evernorth Holdings Inc., a newly formed financial firm focused on XRP, revealed plans to go public via a merger with Armada Acquisition Corp II. The deal, expected to raise over $1 billion, will list the company on Nasdaq under the ticker "XRPN." Key investors include SBI, Ripple, Pantera Capital, and Kraken, with funds earmarked for building the largest institutional XRP treasury.

Ripple CEO Brad Garlinghouse endorsed the initiative, stating Evernorth aligns with Ripple's vision for XRP as a global settlement asset. The firm aims to provide transparent XRP exposure through public markets while engaging in DeFi activities like lending and liquidity provision to grow its holdings.

Former Ripple executive Asheesh Birla leads Evernorth, supported by a team of crypto finance veterans. The move signals growing institutional confidence in XRP's utility beyond payments.

Top Ripple Strategist Shares Crazy News with XRP Holders, Keep an Eye on This Level

Ripple strategist Max Avery has reignited excitement within the XRP community by highlighting the XRP Ledger's growing role in global tokenization. Institutional adoption is fueling momentum, with XRP testing key resistance levels at $2.36 and $2.46. A breakout could propel prices toward $2.72, while failure to hold support may trigger a retracement to $2.29.

Meanwhile, PayDax Protocol (PDP) is emerging as a dark horse in DeFi, drawing presale interest that rivals XRP's market fervor. Ripple's focus on real-world utility—positioning XRPL as infrastructure for tokenized assets—contrasts sharply with speculative trends, reinforcing its case as a bridge between traditional finance and blockchain.

Grove Enhances Ripple USD Liquidity via Aave’s Institutional Lending Platform

Grove, a leader in on-chain capital allocation, is bolstering liquidity for Ripple USD and USDC stablecoins through Aave’s Horizon, its institutional lending arm. The move targets secure, tokenized asset-backed borrowing, aligning with growing demand for stablecoin reliability in digital finance.

Ripple USD’s stability offers a haven from crypto volatility, appealing to risk-averse investors. Grove’s liquidity push aims to widen access to tokenized asset markets, leveraging Aave’s reputation for institutional-grade security and efficiency.

XRP's Deflationary Model Drives Scarcity as Adoption Grows

Ripple's XRP stands apart from mineable cryptocurrencies with its fixed supply of 100 billion tokens—a cap set at genesis that cannot be altered. Every transaction on the XRP Ledger burns 0.00001 XRP, permanently reducing supply in a deflationary mechanism hardcoded into the protocol.

This built-in scarcity accelerates as institutional adoption increases transaction volumes. Unlike Bitcoin or Ethereum, where new coins enter circulation through mining, XRP's supply only moves downward—a feature Ripple designed to combine mathematical predictability with real-world utility.

The tokenomics create a unique value proposition: as usage grows, so does the burn rate, tightening supply while demand potentially expands. This economic model positions XRP as a digital asset with deliberately engineered scarcity.