Ripple CEO Brad Garlinghouse has been appointed as a strategic advisor to Evernorth, a $1 billion XRP treasury company launched in October 2025. The announcement was made via an official tweet from Evernorth, which detailed its leadership and governance structure. Garlinghouse will serve alongside other Ripple executives, including Chief Legal Officer Stuart Alderoty and Chief Technology Officer David Schwartz.
The advisory role is designed to support alignment with the XRP ecosystem while ensuring Evernorth's operational independence. Ripple remains a strategic investor in the firm, which was established through a $1 billion transaction. The funding included $200 million from Japanese financial giant SBI, with additional investments from Ripple, the independent charitable foundation Rippleworks, Pantera Capital, Kraken, GSR, and Ripple co-founder Chris Larsen.
The net proceeds from Evernorth's launch were primarily used to fund open-market purchases of XRP, with a portion allocated to working capital, general corporate purposes, and transaction expenses. This development coincides with significant technical activity on the XRP Ledger (XRPL), as RippleX issued an upgrade alert urging validators and node operators to adopt XRPL Version 3.0.0, released in December 2025. This version includes critical fixes, notably for the TokenEscrow amendment, which resolves a bug discovered during internal testing.
Simultaneously, the market for XRP exchange-traded funds (ETFs) is demonstrating robust demand. According to recent data, ETF clients purchased $46.10 million worth of XRP in a single day, bringing the total value of ETF-held net assets to $1.65 billion. This influx is seen as a highly bullish signal for the altcoin and the broader altcoin ETF market, following the successful precedent set by Bitcoin and Ethereum ETFs.
XRP's price action reflected this positive sentiment, with the token surging past $2.40 on Tuesday, marking an 11% gain over 24 hours and one of its strongest volume bursts since mid-December. Analysts point to the combination of institutional treasury formation, steady ETF inflows, and eased regulatory expectations for bulk altcoin ETF approvals as key drivers strengthening expectations for XRP to reach new all-time highs in 2026.
