Evernorth builds $1B XRP treasury with t54 infrastructure

Digital asset treasury firm Evernorth has announced a strategic collaboration with t54 to scale institutional XRP treasury operations.

The partnership aims to support Evernorth’s plan to raise more than $1bn to build an actively managed XRP treasury.

Evernorth said the treasury will go beyond passive ETF-style exposure by deploying capital across lending, liquidity provision and DeFi strategies on the XRP Ledger.

“Evernorth is raising over $1 billion to build the largest institutional XRP treasury,”

The company said.

The treasury model is designed to engage directly with onchain markets rather than relying on traditional investment vehicles.

Evernorth said managing a treasury at this scale requires continuous monitoring, rapid execution and strict risk controls.

AI-powered agents will be used to handle execution, liquidity management and real-time market responses.

The company said autonomous systems are becoming a functional requirement for large institutional treasuries.

Evernorth plans to integrate t54’s agentic finance infrastructure and trust layer into its XRP Ledger operations.

“Evernorth intends to integrate t54’s agentic finance infrastructure and trust layer to power their autonomous treasury operations on XRPL,”

The announcement said.

The collaboration also includes plans to develop new products for the XRP Ledger ecosystem.

Evernorth is backed by Ripple, SBI, Pantera Capital, Kraken and GSR.

The firm is preparing to list on Nasdaq under the ticker XRPN following a proposed SPAC merger.

At the time of reporting, XRP price was $1.91.