Evernorth "Don't just hold XRP"...Preparing to convert to revenue-generating assets

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Evernorth has unveiled a blueprint to transform XRP from a simple holding asset into an on-chain asset that generates revenue.

According to crypto media outlet The Crypto Basic on August 5 (local time), Evernorth CEO Asheesh Birla stated in an interview with CoinPost during WebX 2026 held in Japan that companies should re-examine how they utilize XRP. Birla, a former Ripple executive, emphasized that XRP should not merely be accumulated on corporate balance sheets but should be deployed into revenue-generating strategies.

Birla said, “We aim to be actively managed entities, not just passive holding vehicles.” Evernorth plans to build a strategy to generate revenue from XRP by utilizing the decentralized financial tools of the XRP Ledger. Unlike traditional Digital Asset Treasury (DAT) companies that accumulate cryptocurrencies, Evernorth's vision is to directly manage assets on-chain.

The growth of the tokenized real-world asset market was also presented as a basis for the strategy. According to Birla, the tokenized real-world asset market on the XRP Ledger has grown to approximately $3.6 billion, an increase of about 24 times over one year. He assessed that this figure signals growing confidence in blockchain-based financial markets and asset tokenization.

RLUSD is also driving increased activity on the XRP Ledger. Birla stated that transactions settled in US dollars and RLUSD have increased 12-fold since the launch of RLUSD. Approximately 54.74% of RLUSD's circulating supply is on the XRP Ledger, with the remainder issued on Ethereum (ETH). He predicted that regulated dollar-backed stablecoins would play a crucial role in the tokenized financial market.

Evernorth has secured over $1 billion in funding, including a $200 million investment from SBI Holdings. It has submitted an amended S-4 filing to the U.S. Securities and Exchange Commission (SEC) and is pursuing a Nasdaq listing through a merger with Armada Acquisition Corp. II. Birla explained that if the listing is successful, investors and companies will be able to invest in blockchain finance in the traditional stock market without directly holding or managing XRP. Evernorth plans to expand its revenue-generating strategy from XRP to other tokenized assets.

[Key Summary of the Article]

-Evernorth plans to operate XRP as a revenue-generating asset on the XRP Ledger instead of simply holding it.

-The tokenized real-world asset market on the XRP Ledger has grown to approximately $3.6 billion, expanding about 24 times over one year.

-Evernorth has secured over $1 billion in funding and is pursuing a Nasdaq listing through a merger.

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