Evernorth says daily activity on the XRP Ledger has climbed to nearly 3 million transactions, up from about 1 million in mid-2025, and the firm is now pointing to banks and other financial companies as the next source of demand.
Real Banks Are Moving InAsheesh Birla, Evernorth’s chief executive, has argued that XRP’s long-term value will come from banks and businesses using it as working capital rather than treating it as a coin to trade. He has also said the gap between adoption and price remains wide, even as usage and tokenization continue to set records.
1/6 For everyone who’s wondered when “real banks” will use blockchain: they already are. The next 18 months will be about how much, on which chains, and under which set of rules.
Evernorth is trying to make that growth easier for institutions to access. Instead of forcing banks and asset managers to deal with wallets, private keys, and compliance systems on their own, the company is offering exposure through its own stock.
The structure echoes the model used by several public companies that have built large Bitcoin holdings and given investors a familiar market wrapper. Evernorth has said that approach can make XRP easier for institutions to hold, fund, and use.
5/6 When a globally important bank picks public blockchains to host its regulated euro, that’s a vote about which networks they think will host the next phase of money.
XRP was one of four chains that made that shortlist.
Featured image from Pexels, chart from TradingView
