So, Ashish Birla, the big cheese over at Evernorth, has come out swinging with what he claims is the first institutional XRP treasury model. Yeah, you heard that right! They’re positioning themselves as this fancy, regulated bridge for big bucks to waltz into the XRP ecosystem. And get this, they’re gearing up for a Nasdaq listing under the ticker XRPN. Sounds like they think they’re the next Tesla of crypto, huh?
In his recent guest spot on Ripple‘s “Onchain Economy” series-which, by the way, sounds more like a hipster coffee shop than a financial podcast-Birla’s all about being an active treasury rather than just sitting back and hoarding digital assets like some kind of crypto dragon. They’re out here accumulating XRP and throwing it into yield-bearing instruments across the XRP Ledger. It’s like a treasure hunt, but instead of gold, they’ve got digital coins and validators. Who knew crypto could be so adventurous?
Why institutional XRP is finally “prime time”
Birla lays out his grand strategy on three shaky legs: regulated exposure to XRP (whatever that means), structured yield and liquidity management, and getting institutions to join the DeFi party. It’s like trying to convince your friends to finally watch that show you keep raving about-“C’mon guys, it’s really good!” The treasury model plans to lend XRP through lending standards like XLS-66, making sure everyone plays nice and follows the rules. Because nothing screams ‘fun’ like compliance controls, right?
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“Institutional DeFi is finally ready for primetime,” Birla declares, as if we’re all waiting with bated breath for the big reveal. He points to regulatory clarity around XRP and the growing toolkit of DeFi wonders on the XRP Ledger as the magic keys to unlock this thrilling new era.
Tune into the newest episode of Onchain Economy as @ashgoblue, CEO of @EvernorthXRP, explains how institutions are building regulated exposure to XRP at scale.
Fresh off Evernorth’s plan to list on Nasdaq under ticker XRPN, he outlines:
↳ The first…– RippleX (@RippleXDev) February 19, 2026
And just when you thought it couldn’t get any better, Evernorth is prepping to hit the Nasdaq stage. This move would give public market investors a chance to dip their toes into a company dedicated to XRP treasury deployment. It’s like a membership to an exclusive club, but instead of cool jackets, you get equity exposure. This whole setup is a far cry from boring old spot exchange-traded products, since it mixes operating income, validator participation, and protocol-level engagement with a side of digital asset reserves.
If they manage to pull this off, Evernorth might just turn XRP from a transactional bridge asset into the Swiss Army knife of treasury management, yield generation, and infrastructure participation. Now, whether institutions will actually take the plunge depends on how stable regulations remain and if they can show measurable returns on-chain. Fingers crossed!
But hey, at least this framework hints at a structural evolution in how XRP could be integrated into traditional finance portfolios. It’s like watching a bad sitcom slowly get better-there’s hope yet!
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2026-02-19 12:56