AI on XRP Ledger? Evernorth Just Made Ultra-Bullish Move

Evernorth, a digital asset treasury with over 388 million XRP, says it has decided to raise over $1 billion to build the largest institutional treasury of the asset. As per the announcement, this will be done in collaboration with t54 Labs, which specializes in agentic artificial intelligence (AI) infrastructure on the XRP Ledger (XRPL).

Evernorth eyes $1 billion XRP Treasury with AI strategy

Notably, Evernorth will raise this large amount of capital through institutional lending, liquidity provisioning and DeFi yield strategies on the XRP Ledger. Given the complex nature of the ambition, Evernorth will embrace AI-powered agents to assist in the operation.

With t54 Labs’ specialty in agentic infrastructure on the XRPL, the company will enable autonomous agents to handle XRP and Ripple USD stablecoin (RLUSD) payments. The goal is to develop new products that enhance AI-driven finance and risk management on an increasingly volatile market.

According to Evernorth, the plan is not just storing XRP like a passive exchange-traded fund (ETF) but to try to earn more XRP with it. This would be achieved through institutional lending.

The idea is to leverage AI agents to automatically execute trades and manage liquidity positions. The AI agents will also be able to react to market shifts in real time to minimize risks.

While AI agents perform their functions in running the treasury company, t54 Labs will help monitor risks and ensure compliance with regulatory standards. t54 Labs’ role is to guarantee compliance, verify transactions before they are settled and maintain trust.

XRPL set for institutional growth beyond payments

This partnership is likely to have significant implications for both XRP and the XRP Ledger. It could mark a shift for XRP as it moves from just speculative trading to real institutional demand. For XRPL, its functions could extend beyond only payments to more complex financial structures managed by AI.

You Might Also Like

The XRP Ledger community has expressed excitement at the development, describing it as a great collaboration. This enthusiasm could trickle into massive gains for XRP’s price outlook and push the coin out of its lingering stagnation.

As of press time, XRP exchanges hands at $1.95, representing a 2.94% increase in the last 24 hours. The coin climbed from a daily low of $1.88 as trading volume increased by 29.73% to $4.24 billion within the same time frame.

The rebound suggests that XRP might have averted a death drop that could have crashed it by over 80% in the market space.