XRP Already Powers Real Banking Activity, Says Evernorth, With More Growth Expected

Evernorth says daily activity on the XRP Ledger has climbed to nearly 3 million transactions, up from about 1 million in mid-2025, and the firm is now pointing to banks and other financial companies as the next source of demand.

Real Banks Are Moving In

According to the XRP-focused treasury company, some of the busiest names on the network over the past year include Bitstamp, Ripple’s RLUSD stablecoin, and Braza Bank. The firm says that kind of traffic shows more than trader interest, with real financial activity taking place on the ledger.

Asheesh Birla, Evernorth’s chief executive, has argued that XRP’s long-term value will come from banks and businesses using it as working capital rather than treating it as a coin to trade. He has also said the gap between adoption and price remains wide, even as usage and tokenization continue to set records.

Birla has pointed to macro pressure, geopolitical tension, and higher rates as part of the reason XRP has not kept pace with the growth story. The message is simple: the network can be busy while the token price stays under strain.

How Evernorth Plans To Expand

Evernorth is trying to make that growth easier for institutions to access. Instead of forcing banks and asset managers to deal with wallets, private keys, and compliance systems on their own, the company is offering exposure through its own stock.

The structure echoes the model used by several public companies that have built large Bitcoin holdings and given investors a familiar market wrapper. Evernorth has said that approach can make XRP easier for institutions to hold, fund, and use.

The company says it has backing from Ripple, Kraken, Pantera Capital, and SBI Holdings, with total funding topping $1 billion. Its S-4 filing with the US Securities and Exchange Commission, submitted in March 2026, lays out plans to grow XRP holdings through institutional lending, liquidity provision, and activity tied to decentralized finance on the XRP Ledger.

Featured image from Pexels, chart from TradingView