Japanese financial giant SBI Holdings has taken a major step toward accelerating XRP’s adoption with a massive $200 million investment into Evernorth, a new institutional vehicle designed to expand XRP’s role in global finance. The move, confirmed by SBI’s CEO Yoshitaka Kitao on X, marks one of the most significant institutional pushes for XRP so far, in collaboration with Ripple and other backers.
Building the World’s Largest XRP Treasury
Evernorth plans to raise over $1 billion in total, with SBI contributing $200 million in cash as part of the first round. The funds will be used to purchase XRP directly from the open market and build one of the world’s largest public XRP treasuries.
But Evernorth isn’t just about holding XRP. It aims to actively utilize the asset in institutional lending, DeFi, and liquidity operations, thereby driving real-world utility and long-term value. This model signals a shift from passive holding toward active deployment, potentially making XRP a more integral part of financial infrastructure.
SBI emphasized that this move builds on its long-standing partnership with Ripple, which includes SBI Ripple Asia, a joint venture responsible for driving XRP adoption across Japan and beyond.
XRP Ledger Expands Utility with Brale Integration
Adding to the bullish sentiment, RippleX announced a major upgrade for the XRP Ledger (XRPL). The platform Brale, which enables companies to create and manage their own stablecoins, has officially integrated with XRPL. Moreover, this integration allows businesses to issue stablecoins backed by USD or other currencies directly on the XRP Ledger using a simple API. It also supports Ripple USD (RLUSD), Ripple’s USD-backed stablecoin, available on both XRPL and Ethereum.
Hence, moving on, this move further strengthens XRP’s ecosystem by expanding real-world payment and settlement use cases, positioning it as a more versatile network for institutions.
Analysts See Institutional Barriers and Big Potential
On the flip side, analyst Vincent Van Code pointed out on X that institutional XRP adoption might face practical hurdles. He noted that large corporations can’t just set up a Ledger or Xaman wallet to hold millions in XRP. They require regulated custody, audits, and compliance systems, which can cost up to $300,000 a year.
Van Code argued that this challenge makes vehicles like Evernorth and potential XRP ETFs even more crucial. By giving regulated exposure to XRP without direct custody, they could unlock a flood of institutional demand. Calling the setup “insane,” he said it makes him more bullish than ever on Evernorth and XRP’s institutional future.
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