“The perfect moment for XRP has arrived,” says CEO Evernorth

Evernorth CEO Asheesh Birla believes the ideal time for an XRP revolution has arrived. After more than ten years of building the XRP ecosystem, he says that all the pieces of the puzzle are now falling into place. His company is betting big on institutional DeFi via the XRP Ledger.

XRP ecosystem ready for institutional capital

According to Birla, blockchain technology is now mature enough for traditional financial services to run entirely on the blockchain. Loans, payments and even stock trading can be made faster, more transparent and accessible worldwide.

The final barrier, he said, was institutional readiness. That has now been achieved. The regulations surrounding XRP have also become clearer and activity on the XRP Ledger is growing.

“Institutions were reluctant for a long time, but that barrier is now gone,” says Birla in a recent YouTube video.

Evernorth controls 388 million XRP

Evernorth presents itself as the largest treasury focused on XRP. The company owns more than 388 million XRP and wants to deploy them for return-generating DeFi strategies on the XRP Ledger. Consider staking, providing liquidity and other on-chain applications.

But Evernorth wants to be more than an investor. The company runs validators, helps DeFi protocols get capital and contributes to new technical standards within the ecosystem. The goal is to deepen liquidity and entice institutions to actively use XRP on the blockchain.

Nasdaq listing in sight: ‘XRPN’ coming in 2026

The ambitions extend beyond the crypto industry. Evernorth plans to list on the Nasdaq in the first quarter of 2026, under the ticker XRPN. That move evokes parallels with companies like MicroStrategy, which use Bitcoin as the core of their balance sheet strategy.

In XRP circles, this is seen as a potential turning point. Analysts speak of a ‘new phase’ for XRP, in which it is positioned not only as a means of payment but also as a strategic balance sheet and return instrument.

“Everything is coming together for XRP”

Birla cites three catalysts for the current momentum: clear regulation, mature DeFi infrastructure on the XRP Ledger, and institutional capital ready to invest. “I’ve been waiting for this moment,” he says. “A lot of different things are coming together to make this a perfect time for a company like Evernorth.”