Citing Biji.com, Evernorth, backed by Ripple and SBI Holdings, has accumulated over 473 million XRP tokens, valued at more than $100 million, through a SPAC merger. The firm's strategy focuses on generating active returns via institutional loans, liquidity provision, and DeFi opportunities, aiming to enhance XRP's institutional appeal. SBI's investment underscores confidence in XRP's utility and regulatory resilience, particularly in Japan and South Korea. Ripple's acquisition of Hidden Road and the launch of Ripple Prime have expanded XRP's role in institutional finance, including settlement services and stablecoin integration with partners like Mastercard and Gemini. The market responded positively, with XRP reaching $2.50 in November 2025 following the launch of the first U.S. XRP ETF. Ripple's August 2025 SEC settlement also boosted institutional interest, with nine asset managers submitting XRP ETF applications. Evernorth's continued XRP accumulation and potential Nasdaq listing could further drive institutional demand and reduce circulating supply, enhancing XRP's scarcity and value proposition.
Evernorth and SBI Build $100M XRP Treasury to Drive Real-World Adoption
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