$XRP Should Be Put to Work, Not Just Held: Evernorth CEO's Vision

Evernorth CEO Asheesh Birla believes that companies should rethink how they use XRP, viewing it as an operational asset rather than a passive treasury holding. According to him, blockchain's value goes beyond just owning assets and that on-chain strategies can make digital assets more productive by generating returns.

In an interview with CoinPost during WebX 2026 in Japan, Birla explained Evernorth's strategy of actively managing XRP as a productive on-chain asset while betting on the long-term growth of tokenized real-world assets (RWAs) and the XRP Ledger ecosystem. He emphasized that companies will increasingly seek ways to generate returns from RWAs rather than leaving them idle.

Birla pointed out that $XRP Ledger has seen strong RWA growth, with the market growing to approximately $3.6 billion over the past year. This represents a 24-fold increase and shows growing confidence in blockchain-based financial markets. He also highlighted the role of Ripple's U.S. dollar-backed stablecoin, RLUSD, within the XRP ecosystem, saying that activity on the XRP Ledger has increased significantly since its launch.

Evernorth is working to become a leader in generating yield from tokenized assets and aims to use decentralized finance tools on the XRP Ledger to help businesses and institutions make their on-chain holdings more productive. Birla also confirmed that Evernorth recently submitted updated S-4 filings to the U.S. Securities and Exchange Commission as part of its planned Nasdaq listing through its merger with Armada Acquisition Corp. II.