Evernorth, a company aiming to build the largest institutional XRP treasury, is venturing into AI-based agentic finance.
The firm has unveiled plans to use AI automation to enhance its treasury management on the XRP Ledger (XRPL). The partnership with AI-powered agentic finance protocol t54 Labs signals a shift toward autonomous treasury operations.
Evernorth’s $1 billion fundraising and expansion plans
Evernorth is on track to raise over $1 billion in funding to support its mission to hold the largest institutional XRP treasury. Currently, the company’s treasury holds 473.2 million XRP tokens.
The raised capital will be used for XRP purchases, transaction expenses, and working capital. With substantial backing from Ripple, SBI, Pantera Capital, Kraken, and GSR, Evernorth intends to use these funds for liquidity provision and lending in both DeFi and traditional financial markets.
The fundraising is part of a strategic effort to shift from a passive token-holding model to active yield generation via XRPL’s decentralized finance ecosystem.
Evernorth’s executives believe that AI will resolve operational inefficiencies that manual trading protocols face, especially during periods of market stress.
AI will handle speed and verification simultaneously, which Evernorth views as a significant advantage over traditional methods.
Agentic finance and AI automation integration with t54 Labs
The partnership with t54 Labs is central to Evernorth’s vision of AI-driven treasury operations. t54 Labs specializes in AI, fintech, and infrastructure engineering and is developing automated agents that interact with humans and institutions in financial environments.
Through this collaboration, Evernorth aims to integrate AI agents that will manage and operate its XRP treasury autonomously.
Evernorth’s collaboration with t54 Labs will extend beyond treasury management. Both companies plan to co-develop new tools on the XRP Ledger, with specifics about their functions remaining undisclosed.
The goal is to create an efficient, automated system capable of handling complex financial tasks without human intervention.
The path to Nasdaq listing and XRP yield generation
Evernorth is also preparing for a public listing. In a recent statement, CEO Asheesh Birla confirmed that the company is moving ahead with plans to list on Nasdaq via a business combination with Armada Acquisition Corp II.
Following the merger, the combined entity will operate under the Evernorth name, with the ticker symbol XRPN, slated for early 2026.
Birla expressed confidence in Evernorth’s ability to generate yield from its XRP reserves, particularly through decentralized markets. He emphasized the potential of DeFi markets in XRP yield generation, stating that although DeFi is still nascent, it will evolve to mirror traditional markets, becoming more efficient over time.
Evernorth plans to tap into lending, liquidity provision, and structured trades on the XRP Ledger as part of its long-term strategy.
Evernorth’s ambitious plans to become the largest institutional holder of XRP are gaining momentum with significant support from investors and its partnership with t54 Labs.
The integration of AI-driven automation and DeFi strategies will likely reshape how institutional treasuries manage digital assets. As Evernorth approaches its public listing, the future of AI-powered treasury management within the XRP ecosystem is poised for growth.
