Evernorth, a digital asset treasury holding over 388 million XRP, has announced a strategic partnership with t54 Labs to raise over $1 billion and build the world's largest institutional XRP treasury. The ambitious plan involves leveraging agentic artificial intelligence (AI) infrastructure on the XRP Ledger (XRPL) to actively manage the massive holdings.
The capital will be raised through institutional lending, liquidity provisioning, and DeFi yield strategies directly on the XRPL. Evernorth emphasized this is not a passive storage strategy like an ETF, but an active approach aimed at earning more XRP. The company will utilize AI-powered autonomous agents, developed in collaboration with t54 Labs, to execute trades, manage liquidity positions, and react to market shifts in real-time to minimize risks.
"As we scale the world’s largest institutional XRP treasury, we’re excited to collaborate with @t54ai to explore AI-based agentic finance, verification and more within the XRPL," Evernorth stated on social media.
t54 Labs, which specializes in agentic AI infrastructure on the XRPL, will provide the critical trust layer for these operations. Their role includes verifying transactions before settlement, monitoring risks in real-time, and ensuring compliance with regulatory standards. The partnership also aims to develop new products that enhance AI-driven finance and risk management on the XRP Ledger, potentially extending the platform's utility beyond payments into more complex financial structures.
The XRP community has reacted with excitement to the news, viewing it as a significant step towards generating real institutional demand for XRP beyond speculative trading. At the time of the announcement, XRP's price was $1.95, reflecting a 2.94% increase over 24 hours, with trading volume surging 29.73% to $4.24 billion.
