XRP Already Powers Real Banking Activity, Says Evernorth, With More Growth Expected
Evernorth says activity on the XRP Ledger has surged to nearly 3 million daily transactions, up from about 1 million in mid-2025, and expects banks and financial firms to drive the next wave of demand. It cites heavy network use from Bitstamp, Ripple’s RLUSD stablecoin, and Braza Bank as evidence of real financial activity, not just trading. Evernorth CEO Asheesh Birla argues XRP’s long-term value will come from businesses using it as working capital, though token price has lagged amid macro pressure, geopolitical risk, and higher rates. To make institutional adoption easier, Evernorth offers XRP exposure through its own stock rather than requiring direct wallet and compliance handling. Backed by Ripple, Kraken, Pantera Capital, and SBI Holdings, with over $1 billion in funding, it plans to expand XRP holdings via lending, liquidity provision, and DeFi-related activity on the ledger.
