Evernorth Puts XRP Holdings to Work in DeFi Ecosystem

Evernorth is considering using its XRP holdings in the DeFi ecosystem on the XRP Ledger.

The company's Chief Business Officer, Sagar Shah, sees potential for native lending to expand the use of XRP instead of simply holding it.

XLS-66, a proposal that aims to introduce an on-chain protocol for uncollateralized loans sourced from pooled capital, is of particular interest to Evernorth.

The company holds around 473,276,430 XRP tokens worth $522.49 and plans to put its holdings to work through the XRP Ledger's DeFi ecosystem.

XRP Ledger could also expand into real-world assets with tools like confidential transfers and smart escrows, according to Shah.