XRP is making one of its most significant leaps into traditional finance yet, marking a moment that could reshape how institutional players view digital assets.
In October, Evernorth announced a massive $1 billion-plus SPAC merger, officially establishing itself as the world’s largest publicly traded XRP treasury. The firm will debut on Nasdaq under the ticker XRPN in early 2026, representing a new breed of institutional adoption – not through ETFs or speculative products, but through active deployment of XRP in lending, liquidity, and DeFi operations.
I’m proud to share that we’ve launched @evernorthxrp, a first-of-its-kind institutional vehicle built to accelerate XRP adoption. With over a decade of uptime and a rapidly growing DeFi ecosystem, XRP is well-positioned for adoption — and Evernorth is built to meet that moment.… pic.twitter.com/2YGgQsNWCd
— Asheesh Birla | CEO at Evernorth (@ashgoblue) October 20, 2025
The move aligns with Ripple’s ongoing strategy to position XRP at the heart of global payments and treasury management. Recent developments, including Ripple’s acquisition of GTreasury for $1 billion, suggest a coordinated expansion to bring Fortune 500-level infrastructure onto the XRP Ledger (XRPL). With this integration, corporate treasuries could reportedly reduce cross-border transaction costs by up to 60%, signaling that XRP is evolving from a bridge currency to a fully integrated financial layer for multinational enterprises.
Wall Street Firms Embrace XRP
Evernorth’s upcoming Nasdaq debut is backed by some of the biggest names in crypto and traditional finance. Ripple CTO David Schwartz is serving as a strategic advisor, while former Ripple executive Asheesh Birla has taken the CEO role. The investor lineup includes SBI Holdings, Pantera Capital, Kraken, and GSR, alongside Ripple co-founder Chris Larsen, who personally contributed $50 million worth of XRP to the venture.
This level of executive and financial backing effectively merges Wall Street’s institutional power with Ripple’s blockchain expertise. The creation of a publicly traded XRP treasury opens the door for pension funds, asset managers, and corporate treasuries to gain exposure to XRP-based liquidity operations within a regulated market framework.
Corporate Treasuries Turn to XRPL
The numbers behind XRP’s corporate adoption are staggering. Total public-firm holdings have surpassed $11.5 billion, with over $900 million held across eight major companies. New additions include Hyperscale Data, which allocated $10 million for its 2025 payments program, and several Nasdaq-listed firms adding $17 million in quarterly XRP reserves.
Ripple’s acquisition of GTreasury adds another layer to this ecosystem. As one of the leading global treasury management platforms serving Fortune 500 clients, GTreasury’s integration with Ripple’s On-Demand Liquidity (ODL) system could usher in real-world XRP settlement at scale. This means major corporations could soon rely on XRPL for their day-to-day international operations – a milestone that would inject billions in daily transaction volume through the network.
Tokenized Real-World Assets on XRPL
XRP’s ecosystem is also becoming a key hub for real-world asset (RWA) tokenization. Ripple and Ondo Finance are now collaborating to tokenize U.S. Treasuries on XRPL, while Franklin Templeton and DBS Bank are using the ledger to tokenize money market funds. Already, over $2.7 billion in tokenized gold exists on XRPL.
The implications are massive: if even 1% of the $654 trillion global RWA market were to flow through XRPL, the liquidity impact would be transformative. With partnerships involving BlackRock, Vanguard, JPMorgan, MUFG, and HSBC testing ODL and XRPL pilots, the stage is being set for institutional-grade settlement infrastructure built directly on Ripple technology.
Technical Outlook: Accumulation Builds as XRP Consolidates
Despite the strong fundamental narrative, XRP’s price has remained under pressure in recent weeks. The token is currently trading around $2.45, recovering slightly from a steep drop that saw it lose key support at $2.71. The RSI sits around 50, suggesting neutral momentum, while the MACD indicator shows signs of potential bullish convergence after a prolonged bearish phase.
On-chain metrics, however, point to a quiet accumulation trend. Whale wallets holding between 10 million and 100 million XRP have increased their balances in the past week, signaling strategic repositioning ahead of possible institutional inflows. If XRP manages to break above the $2.60–$2.65 resistance, it could pave the way for a retest of $2.85 and even $3.00. Failure to hold above $2.40, on the other hand, risks a deeper correction toward $1.80.
Ecosystem Impact: Institutional Liquidity Ripple Effect
Every layer of XRP’s latest expansion contributes to a wider liquidity network that benefits all XRPL projects – from DeFi protocols and NFT platforms to new memecoins emerging on the ledger. As institutional treasuries begin using XRPL for operational settlements, daily volume on the chain could surge exponentially, improving overall liquidity and network efficiency.
The “meta play” is simple yet powerful: institutional adoption drives XRP demand, which enhances XRPL liquidity, which in turn fuels the broader ecosystem. It mirrors Ethereum’s 2021 cycle and Solana’s 2024 resurgence – but this time, the momentum is backed by Fortune 500 corporate flow rather than retail speculation.
Conclusion
Between the $1 billion Evernorth SPAC merger, Ripple’s strategic GTreasury acquisition, and the rapid rise of tokenized assets on XRPL, XRP is entering a phase of institutional acceleration. The alignment of Wall Street funding, Fortune 500 integration, and on-chain liquidity sets the stage for one of the most ambitious blockchain transformations in recent memory.
If the current accumulation trends continue and technical resistance levels are broken, XRP could be on the verge of reasserting itself as a cornerstone of the next institutional crypto wave.
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