Evernorth XRP Holdings Near $1B Following Key Announcements at Ripple Swell 2025

Evernorth launches with a massive $1 billion XRP position, aiming to connect traditional finance (TradFi) with decentralized finance (DeFi). The initiative, led by former Ripple executive Asheesh Birla, focuses on enabling regulated digital asset exposure for institutions. Built on the XRP Ledger (XRPL), Evernorth seeks to simplify access to blockchain-based assets for institutional investors while upholding stringent compliance and risk management standards.

At the Ripple Swell 2025 event in New York City, Asheesh Birla introduced Evernorth and shared its vision of bridging the gap between traditional finance and the decentralized economy. Birla emphasized the platform's structured approach to regulated digital asset management, highlighting the significance of the company's $1 billion XRP holdings in driving institutional adoption within the XRP ecosystem.

During his presentation, Birla reflected on his decade-long journey at Ripple, where he witnessed the company's transformation into a global payments leader. He credited Ripple's success to its collaboration with traditional financial institutions and its steadfast commitment to regulation and compliance.

"Ripple proved that blockchain and banks could work together," Birla stated. "That foundation gave us the credibility and experience to take the next leap with Evernorth now."

Evernorth's XRP Digital Asset Treasury (DAT) is designed to make institutional exposure to XRP and other digital assets seamless. Combining the ease of exchange-traded funds (ETFs) with the flexibility of blockchain, Evernorth enables investors to add XRP to their portfolios with minimal friction while adhering to institutional-grade risk controls.

"We’re building a product that makes it as easy as adding a stock to your portfolio," Birla explained. Initially, the focus will be on yield generation via traditional mechanisms, with plans to integrate DeFi-based yield products in the future.

Birla highlighted that recent advancements in regulatory clarity have significantly contributed to Evernorth's launch. He cited the passage of the Genius Act, a pivotal regulation that provided stablecoin guidelines and spurred an 18% growth in the sector shortly after its approval.

"Regulation has become a catalyst," Birla said. "The U.S. is now in a position to lead globally in digital asset regulation." With clearer guidelines in place, more institutional investors are considering XRP and blockchain-based assets as viable portfolio components.

Evernorth’s ultimate ambition is to establish a sustainable link between traditional finance and Decentralized Finance (DeFi). Acknowledging the volatility of crypto assets, Birla emphasized that responsible innovation and a long-term vision are essential to attracting sustained institutional interest.

"This isn’t a ‘move fast and break things’ approach," Birla noted. "We’re talking about finance. We need to move responsibly and build for the long term."

Evernorth's recent acquisition of $214 million in XRP, combined with its prior holdings, brings its total XRP assets to over 473 million tokens, valued at approximately $1 billion. The latest purchase, priced between $2.36 and $2.53 per token, saw contributions from Ripple affiliates and the Arrington Fund.

This strategic accumulation, ahead of Evernorth’s anticipated NASDAQ debut, underscores institutional confidence in the XRP ecosystem, fueled by regulatory advancements and infrastructure growth.