XRP Treasury Evernorth Partners With AI Firm to Boost Holdings Yield on XRPL

The largest XRP treasury company, Evernorth, announced a new partnership with an agentic finance team to manage its holdings with AI automation. The firm would look to boost its reserve through yields on the XRPL.

Evernorth Taps t54 Labs to Expand XRP Treasury

The firm shared in a recent press release that it had entered a strategic partnership with t54 labs to manage its holdings with AI automation. Through the collaboration, Evernorth intends to generate yields through its portfolio. This would be done through lending and liquidity provision on the XRP Ledger.

“Unlike passive ETFs, Evernorth will actively grow its holdings through institutional lending, liquidity provisioning, and DeFi yield strategies on the XRP Ledger,” they said.

The firm also shared that they intend to raise another $1 billion for its XRP treasury model. Currently, they hold about $900 million worth of the token, maintaining its position as the largest firm holding the Ripple coin.

Prior to this, Evernorth had been making large XRP transfers across different wallets. At the time, investors asked what this could be for, with some even suggesting it could be to sell. However, with this development, it is clear the firm was only looking to boost its holdings instead of leaving them dormant.

The executives also explained the reason for the AI pivot. They shared that manual trading is usually slow and risky, especially during market dips. However, with AI automation, management of the XRP treasury would be easier and faster.

Why are Treasury Firms Chasing Yield Strategies?

There has been a recent trend of treasury companies looking for ways to boost their holdings through yield or other avenues. BitMine’s Tom Lee had previously said this is a better strategy for expanding their reserves instead of sitting idle. It also opens companies up to further institutional activity.

Notably, earlier in the month, the Solana treasury company Defi Dev Corp teamed up with native protocol Hylo to put its SOL holdings to use through on-chain yield strategies. The XRP treasury company looks to follow the current industry trend.

In an interview, the firm’s CEO, Asheesh Birla, shared how the development could help shape their trajectory as they look ahead.

“There are different kinds of basis trades that you can do around XRP options, and that’s in the traditional sense, which I think is an emerging market,” he said. “We are excited about plugging into the DeFi Ecosystem on the XRP Ledger and helping that grow as well.”