Billion dollar asset manager onboards new institutions to XRP
“I’ve been waiting for this moment around XRP,” says billion dollar asset manager.
The CEO of the world’s largest publicly-traded XRP treasury company has explained how he is bringing more institutional capital into the XRP Ledger.
His plan is not aspirational. He has already amassed a billion-dollar XRP portfolio and is deploying capital from the balance sheet of a Nasdaq-listed company. Matter-of-factly, he explains that substantial capital flows are arriving.
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Market Context
“We are actively out there bringing new partners to XRP,” explained Evernorth CEO this week. “We’re going to be actively helping them develop their products by bringing institutional capital to those protocols.”
Evernorth’s work is to explain the yield opportunities on the XRP Ledger, which is itself a DEX and supports a suite of third-party DEXs and yield protocols, to institutional investors.
Crypto yield discussions have reached the highest level of finance, including multiple White House discussions about the interest split that banks will accept with fintechs, to be enshrined into law with the upcoming Clarity Act. With this regulatory clarity, Evernorth has no doubt about the strength of XRPL’s institutional attractiveness for these financial giants.
“I’ve been waiting for this moment around XRP,” he concluded. “A lot of different things are aligning that make this a perfect time.”
News
Evernorth CEO says institutional DeFi is “ready for prime time” on the XRP Ledger (YouTube)
CME launching 24/7 crypto futures on May 29 (PRNewswire)
White House backs limited transaction rewards in third Clarity Act meeting (CoinDesk)
Fed staff working paper on prediction markets (FederalReserve.gov)
House Democrats seek World Liberty Financial conflict probe (House.gov)
Metaplanet CEO denies disclosure issues (X)
Bitdeer announces $300M convertible (GlobeNewswire)
Judge blocks Tennessee Kalshi ban (TheBlock)
$141B in illicit stablecoin transactions during 2025 (TRMLabs)
Community banks loosing deposits to Coinbase (Klarivis)
Bitcoin’s difficulty increased 14% (Newhedge.io)
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