SPACInsider Asheesh Birla, CEO of Evernorth, on Building an XRP-Focused Crypto Treasury
Jan 21, 2026
Asheesh Birla, CEO of Evernorth and seasoned crypto product executive, discusses building an XRP-focused crypto treasury. He outlines why XRP’s payment design and escrowed supply matter. Short sentences cover yield strategies, institutional DeFi on the XRP ledger, international opportunities in Korea and Japan, and why a focused treasury can accelerate adoption.
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Ripple As Strategic Ecosystem Partner
- Ripple is a strategic investor and ecosystem developer whose involvement helps Evernorth influence feature development on the XRP ledger.
- Asheesh highlights Ripple, SBI, Arrington Capital and Pantera as ecosystem stewards aligned with Evernorth's goals.
Combine TradFi Trades With XRP DeFi Yield
- Use a mix of TradFi instruments and emerging DeFi products to generate yield from an XRP treasury.
- Asheesh plans basis trades, options and lending in TradFi while fostering on-ledger DeFi as products mature to earn higher efficiency yield.
Use Public Markets To Scale The Treasury
- Continue accumulating XRP after listing using public markets and tailored capital-raising mechanisms.
- Asheesh says Evernorth deployed dollars into XRP early and will use capital markets and various products post-de-SPAC to grow the treasury.