Hold onto your hats, folks! At the Ripple Swell 2025 event in the Big Apple (because where else, right?), Asheesh Birla, former Ripple exec, took the stage and dropped some big news: Evernorth is here to rock the financial world! This time, he’s not just talking crypto; he’s talking about bridging traditional finance (TradFi) with the wild west of decentralized finance. Hold your wallets!
Evernorth is built on the XRP Ledger (you know, the thing you’ve been hearing about if you’ve been anywhere near crypto), and it’s aiming to be the smoothest ride for institutions looking to dip their toes into the digital asset pool, while still keeping it all legal, safe, and snug in their compliance blanket.
What’s that? A cool billion in XRP? Yep, you read that right-Evernorth’s got a whopping $1 billion position in XRP, which is like a gold star for the ecosystem, signaling institutional investors are finally starting to take the plunge. Who knew crypto could be so… institutional?
From Ripple’s Baby Steps to Evernorth’s Giant Leap
Birla, speaking live at the event, reminisced about his glory days at Ripple (a little teary-eyed, maybe?), reflecting on how the once small startup went from baby steps to giant moon landings in the global payments space.
“We started this nine years ago, and it’s amazing to see how far Ripple and the XRP ecosystem have come,” Birla said.
And that’s not all! Birla says that Ripple didn’t get there by fighting the big banks but by collaborating with them. Yeah, imagine that-working together, not just throwing punches!
“Ripple proved that blockchain and banks could work together,” Birla added. “That foundation gave us the credibility and experience to take the next leap with Evernorth now.”
Making XRP as Easy as Pie (And Just as Tasty)
So what is Evernorth exactly? A regulated digital asset treasury (fancy, right?) designed to make institutional investors feel like they’re just adding another stock to their portfolio-except it’s a crypto stock. All the cool kids are doing it!
“We’re building a product that makes it as easy as adding a stock to your portfolio,” Birla said. “With Evernorth, investors can gain exposure to XRP and eventually to DeFi – all while maintaining compliance and institutional-grade risk controls.”
Right now, Evernorth is focused on making money the traditional way-through tried-and-true finance mechanisms. But hold onto your hats, because as the market matures, they’ve got plans to introduce DeFi-based yield products. You know, the real fun stuff. 😏
Let’s Talk Regulation-Because Who Doesn’t Love a Good Rulebook?
Birla’s convinced that regulation is the secret sauce to Evernorth’s success. And no, this isn’t the kind of “regulation” that makes you want to throw things-he’s talking about the Genius Act. This golden piece of legislation laid down some much-needed rules for stablecoins and made the crypto world grow 18% faster than your aunt’s backyard tomatoes.
“Regulation has become a catalyst,” he said. “When I started talking to investors this year, I saw a completely new class of institutions getting involved. The U.S. is finally in a position to lead globally in digital asset regulation.”
With the U.S. getting its act together, institutions are looking at XRP like it’s the next best thing since sliced bread. Seriously, XRP is now a thing.
DeFi Meets TradFi-And They Like It!
Birla’s grand vision? A bridge between traditional finance and the far-out world of decentralized finance (DeFi). Because, you know, crypto volatility is so last season. He’s all about slow and steady wins the race. And not the kind of race where you break things, either!
“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 XRP Hoard-Because Who Doesn’t Love a Good Hoard?
Breaking news: Evernorth just scooped up another $214 million in XRP. Yes, you heard that right. And with the way things are going, their total XRP holdings are now over 473 million tokens, worth nearly a billion bucks. That’s like a crypto version of a treasure chest-only with fewer pirates.
This latest purchase? Between $2.36 and $2.53 per XRP. And just to make sure everyone knows they mean business, Ripple’s affiliate nabbed 50 million XRP while the Arrington Fund got in on the action with 211 million XRP. 📈
So why the big move ahead of Evernorth’s NASDAQ debut? Simple: it’s a big, fat thumbs up from institutional investors who are suddenly all about XRP. Oh, and did we mention the regulatory clarity? Yeah, that’s a game changer.
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FAQs
What is Evernorth and how is it connected to Ripple?
Evernorth is a digital asset treasury built on the XRP Ledger, founded by former Ripple executive Asheesh Birla to bridge traditional finance with DeFi. Pretty cool, huh?
How does Evernorth help institutions invest in XRP?
Evernorth makes investing in XRP easier and safer than ordering pizza, all while keeping things regulated and risk-free. Easy peasy.
What role does regulation play in Evernorth’s strategy?
Regulation is Evernorth’s secret weapon. It keeps things legal and gives institutions the green light to jump into the world of digital assets. What a time to be alive!
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2025-11-05 10:18