Evernorth is collaborating with agentic finance team t54 labs to manage its XRP treasury with AI automation, as it works toward becoming the world’s largest institutional holder of the token.
According to the company’s press statement issued on Wednesday evening, the t54 Labs partnership is part of an effort to grow its XRP reserves on the XRP Ledger beyond a passive holding model. Evernorth said it intends to pursue yield generation through lending, liquidity provision, and decentralized finance executed directly on XRPL.
San Francisco-based t54 Labs is a cross-disciplinary group of AI, fintech, and infrastructure engineers developing automated agents and their interaction with humans and institutions in financial environments. Evernorth plans to integrate t54’s agentic finance infrastructure into its treasury operations, enabling automated agentic operations to execute financial actions.
"Manually trading on protocols is hindered by delays and operational risks, particularly during periods of market stress. These problems will become obsolete when AI agents handle both speed and verification simultaneously."
The proceeds would be sent to traditional financial markets and DeFi networks for lending and structured trades on XRPL. The two sides also plan to co-develop new tools on the XRP ecosystem, though specifics remain undisclosed.
| Yield Avenue | Execution Environment | Strategic Approach |
|---|---|---|
| Traditional Finance | Institutional Options Markets | Basis trades and emerging options markets around XRP. |
| Decentralized Finance | XRP Ledger (XRPL) | Direct DeFi execution, lending, and liquidity provision. |
The $1 billion XRP treasury plan comes on the heels of an impending U.S. public listing. Formally known as Evernorth Holdings Inc., the company recently announced a business combination agreement with publicly traded acquisition firm Armada Acquisition Corp II. The combined entity is slated to trade on Nasdaq under the ticker XRPN in early 2026.
“The timing couldn’t be more perfect. We have the right kind of regulation, administration, and institutions ready to adopt. A large lion’s share just wanna buy a public stock, so we made it as easy as buying public equities.” — CEO Asheesh Birla.
While more than 300 publicly identifiable entities now hold Bitcoin according to BitcoinTreasuries.net, Evernorth is positioning itself as the unrivaled largest institutional holder of XRP at the time of this reporting.
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Keywords: News|XRP|XRPL