SBI Turns XRP Into Core Asset With $200M Institutional Infrastructure Drive

CN
12 hours ago

Rising institutional confidence in XRP is signaling a major bullish turn for the broader digital asset market, and SBI Holdings Inc. is positioning itself at the center of that momentum. The Tokyo-based financial conglomerate announced on Oct. 21 that it invested $200 million in Evernorth Holdings Inc., a U.S. company preparing for a Nasdaq listing under the ticker XRPN, which will directly focus on the acquisition and management of large-scale XRP holdings.

The investment, completed through a private investment in public equity (PIPE) round and supported by Ripple Labs Inc., demonstrates growing institutional belief in XRP’s regulated status and long-term utility in global payments and finance. SBI made its stance clear in the announcement: “Evernorth is a company established to promote the adoption of the crypto asset XRP at an institutional scale.” The initiative’s goal, SBI emphasized, is to transform XRP into a cornerstone asset for institutional investors worldwide. According to the statement:

The proceeds will be used primarily to purchase XRP on the open market to build one of the world’s largest public XRP treasuries.

“This treasury endeavors to continuously increase its asset value not only by holding XRP, but also by actively utilizing institutional lending and Decentralized Finance (DeFi). Furthermore, all financial reporting will be independently audited by a major audit firm, designed to ensure a high level of transparency and governance,” SBI detailed. This approach positions XRP as a rare combination of liquidity, compliance, and institutional-grade accessibility—qualities that few crypto assets can currently match.

Evernorth’s integration with the XRP Ledger ecosystem, including validator operations and decentralized participation, is expected to further solidify XRP’s position as one of the most institutionally ready digital assets. The initiative aligns with SBI’s broader strategy to expand the use of blockchain in mainstream finance and promote sustainable digital markets. The group reaffirmed its dedication to XRP’s growth, stating:

The SBI Group will continue to make every effort to contribute to the development of the XRP Ledger ecosystem and the sound growth of the entire digital asset market.

With XRP benefiting from a clear U.S. regulatory framework, proven real-world payment utility, and deepening institutional backing, many analysts see this as a defining moment for XRP’s evolution from a payment token to a core financial infrastructure asset.

  • Why is SBI’s investment in XRP through Evernorth significant?
    It marks a bold institutional endorsement and creates one of the largest public XRP treasuries, boosting market confidence.
  • What is Evernorth’s mission with XRP?
    Evernorth aims to drive institutional-scale adoption of XRP and integrate it deeply into financial infrastructure.
  • How will the $200M be used by Evernorth?
    The capital will purchase XRP and support yield strategies via institutional lending and DeFi mechanisms.
  • How does this affect XRP’s position in the market?
    This initiative could elevate XRP from a payment token to a key institutional asset backed by transparency and regulation.

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