XRP News Today: Evernorth's XRP Holdings Surpass $1 Billion, Strengthening Ripple's Bridge Asset Ambitions
- Evernorth's XRP treasury hit $1B via 388.7M tokens, supported by Ripple's 126.8M XRP transfer and institutional investments. - XRP's 4% price surge to $2.58 reflects renewed confidence, driven by corporate adoption and ETF approval speculation. - Ripple's $1.25B Hidden Road acquisition expands XRP-based settlement capabilities, reinforcing its bridge asset strategy. - Upcoming ETF approvals (99% Polymarket probability) and Evernorth's Nasdaq listing (Q1 2026) could unlock institutional capital flows. - A
Supported by Ripple, Evernorth has reached an important benchmark as its
Evernorth’s swift accumulation of XRP has received endorsement from Ripple’s top executives, notably a 50 million XRP transfer from Chairman Chris Larsen on the day the company launched. Institutional support has continued to grow, with Uphold adding 199,998 XRP and SBI Holdings pledging $200 million to strengthen the treasury. These actions point to increasing institutional interest, with Evernorth intending to use funds from its $1 billion SPAC merger with Armada Acquisition Corp. II to acquire more XRP on the open market, as reported by Coinrise.
Ripple’s broader efforts to boost XRP’s functionality are also making headway. The company recently bought GTreasury, a treasury management software firm valued at $1 billion, to help incorporate XRP into corporate liquidity offerings. Ripple’s $1.25 billion purchase of Hidden Road, a leading brokerage platform, has further expanded its capacity to deliver institutional-grade services, including settlements using XRP. These initiatives are positioning XRP as a key asset for international finance, a topic explored in a
Optimism in the market is also being driven by the potential approval of U.S. spot XRP ETFs. The REX-Osprey XRP ETF (XRPR) has already accumulated over $100 million in assets under management, as noted in a
Evernorth’s forthcoming Nasdaq debut under the ticker XRPN, anticipated in the first quarter of 2026, is expected to further boost momentum. The company aims to utilize its XRP assets through lending, providing liquidity, and DeFi staking to earn returns, with CEO Asheesh Birla stressing the reinvestment of profits into acquiring additional tokens. This strategy is in line with Ripple’s goal of establishing XRP as a core asset for institutional finance, as reported by Coinrise.
Even with recent short-term swings—XRP dropped 40% in a single day amid widespread market sell-offs—the token has outperformed
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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