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Ashish Birla, CEO of the institutional firm Evernorth, said XRP is “reclaiming its historic mission” to serve as a base layer for the global financial system. In an interview ahead of the company’s anticipated Nasdaq listing under the ticker XRPN, Birla pointed back to Ripple’s start in 2013 and said the asset’s “technological magic” has remained intact since its first retail transaction.
Birla’s comments frame Evernorth’s current strategy as a return to the asset’s original purpose: enabling value exchange. The firm, he said, is positioning the XRP Ledger (XRPL) as the core infrastructure for launching regulated decentralized finance (DeFi) products.
Evernorth also said the goal is to broaden access so retail investors can generate yields on terms comparable to those available to large institutional funds.
The plan is supported by Evernorth’s balance sheet exposure: the firm holds 473 million XRP tokens. It intends to use the XRP Ledger as the foundation for its regulated DeFi offering.
The article notes that the digital asset’s current momentum comes after years of regulatory uncertainty and legal battles. It adds that market participants are watching for the next institutional move tied to the Nasdaq listing, describing it as potentially significant for the network’s broader adoption.
Bitcoin (BTC) investors who use steady dollar-cost averaging (DCA) may be underperforming versus strategies that adjust exposure to the market’s cycle, according to new research arguing that Bitcoin’s behavior differs from traditional long-duration assets.
In a report cited by Markus Thielen of 10x Research, Bitcoin’s market…
