XRP Treasury Evernorth Partners With AI Firm to Boost Holdings Yield on XRPL

The largest XRP treasury company, Evernorth, announced a new partnership with an agentic finance team to manage its holdings with AI automation. The firm would look to boost its reserve through yields on the XRPL.

Evernorth Taps t54 Labs to Expand XRP Treasury

The firm shared in a recent press release that it had entered a strategic partnership with t54 labs to manage its holdings with AI automation. Evernorth will be able to derive yields from its portfolio through the collaboration. This will be achieved through lending and providing liquidity services on the XRP Ledger.

“Unlike passive ETFs, Evernorth will actively grow its holdings through institutional lending, liquidity provisioning, and DeFi yield strategies on the XRP Ledger,” they said.

The company has also indicated that they would like to raise an additional $1 billion in their XRP treasury model. They have an existing supply of approximately $900 million of the coin, which makes it the firm that holds the most amount of the Ripple coin.

Before this, Evernorth had been transferring large amounts of XRP across wallets. During that period, investors speculated what this could be for, with some even thinking it could be for selling. In reality, it now appears the firm was only looking to increase its holdings rather than leaving them dormant.

Executives also cited the reason for the AI pivot. They said that manual trading is often slow and risky, particularly during a market dip. On the other hand, automation through AI, management of the XRP treasury would be easier and much faster.

Why are Treasury Firms Chasing Yield Strategies?

Recently, the trend has been that treasury companies are keen to bolster their holdings through yield or any other avenue. BitMine’s Tom Lee had previously said this is a better strategy for expanding their reserves instead of sitting idle. It also opens companies up to further institutional activity.

Notably, earlier in the month, the Solana treasury company Defi Dev Corp teamed up with native protocol Hylo to put its SOL holdings to use through on-chain yield strategies. The XRP treasury company looks to follow the current industry trend.

In an interview, the CEO of the firm, Asheesh Birla, shared how the development could impact them going forward:

“There are different kinds of basis trades that you can do around XRP options, and that’s in the traditional sense, which I think is an emerging market,” he said. “We are excited about plugging into the DeFi Ecosystem on the XRP Ledger and helping that grow as well.”