Evernorth CEO Says XRP Per Share Will Guide Treasury Strategy

Evernorth Holdings Inc. will measure its treasury decisions by XRP held per share, a metric Evernorth CEO Asheesh Birla said will shape acquisitions, yield strategies and capital allocation.

Birla said the company intends to pursue yield through traditional finance and on-chain activity. Separately, he said Evernorth plans to deploy XRP at a measured pace and with risk controls.

At the close of its business combination on Oct. 9, Evernorth held about 473 million XRP. Its shares began trading on Nasdaq under XRPN on Oct. 12.

The company had previously outlined a plan to seek yield through traditional finance strategies and on-chain networks. Birla linked the approach to XRP’s focus on financial applications, including lending and decentralized finance systems being developed on the XRP Ledger. He also pointed to the digitization of real-world assets.

Birla said Evernorth’s early priorities include deploying XRP carefully and working with XRP developers on the needs of financial institutions. He described the Nasdaq bell-ringing as a milestone and said the focus has shifted to execution.