Evernorth CEO Says Crypto Treasury Firms Must Move Beyond Hoarding, Backs XRP Ledger Tokenization

Evernorth CEO Asheesh Birla has announced a strategic shift for digital asset treasury firms, moving away from passive crypto accumulation toward active yield generation through tokenization. Birla emphasizes that companies must transition from simple treasury vehicles to financial entities that leverage decentralized finance to put corporate holdings to work. By focusing on the XRP Ledger, Evernorth aims to utilize the blockchain's native support for financial assets, low costs, and rapid settlement to build out lending and liquidity services. This evolution reflects a broader industry trend where firms seek sustainable revenue models from digital assets rather than relying solely on market appreciation. The XRP Ledger ecosystem has seen significant growth, with tokenized assets reaching $2 billion, doubling from less than $1 billion within a single year. Major institutional players like Guggenheim Partners and Franklin Templeton are already utilizing the network for commercial paper and money market funds. This shift is critical for the RWA market as it signals a maturation phase where institutional capital seeks to integrate digital assets into functional financial infrastructure. Ultimately, Evernorth plans to expand its operations into South Korea, banking on the country's high demand for XRP and institutional interest in tokenization.