Institutional interest in XRP and blockchain technology is accelerating rapidly, according to Evernorth CEO Asheesh Birla, who shared his latest views during the XRP Las Vegas conference.
Stablecoins Are Driving Growth
One major factor behind the surge is the rise of stablecoins and tokenized assets.
According to Birla, tokenized assets on blockchain networks now total roughly $23 billion and continue to expand each quarter. Although that figure remains small compared to traditional financial markets, he noted that the long-term opportunity is enormous.
Birla also pointed to Ripple’s stablecoin, RLUSD, as a sign of growing blockchain usage. In fact, RLUSD processed around $22 billion in transaction volume during the last quarter alone.
Beyond that, stablecoins serve as key on- and off-ramps into blockchain ecosystems. As a result, institutions and everyday users can move money across networks more easily. Broader RLUSD adoption could also drive more activity on the XRP Ledger.
Blockchain Moves Beyond Pilot Programs
Meanwhile, Birla said the industry has moved far beyond the pilot stage.
Rather than testing blockchain technology, major financial firms are now integrating it into real business operations.
“You’re not hearing about pilots anymore. You’re hearing about BlackRock adopting, creating divisions. You’re even hearing Jamie Dimon adopting,” he said.
In Birla’s view, that shift marks a major turning point for the sector.
XRP Reaches Mainstream Finance
At the same time, traditional financial media has started paying much closer attention to the industry.
While more education and adoption are still needed, he described the current environment as one of the most exciting periods yet for XRP, stablecoins, and blockchain technology. With institutional participation continuing to grow, blockchain’s role in global finance is expanding as well.
