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Evernorth says <a href="https://jpygbp.com/xrp-usd/">XRP</a> Ledger can modernize outdated banking rails

Evernorth said large parts of global finance still run on banking systems built decades ago. 

Summary

  • Evernorth says old banking systems cannot match the speed of modern digital finance today globally.
  • The XRP treasury firm says blockchain could support faster payments, lending, DeFi and tokenized assets.
  • Evernorth is preparing a Nasdaq listing under XRPN with more than $1 billion backing.

At Web Summit Vancouver, XRP’s Chief Operating Officer, Meg Nakamura, noted that the systems banks use to send payments are often decades old – between 30 and 60 years, in fact.

Sending pictures and videos globally is quick and cheap these days. However, sending money internationally often takes time and involves high fees. Evernorth believes blockchain technology could make international money transfers as fast and affordable as sharing photos online.

The systems banks use to transfer money are decades old. While you can instantly and freely send a photo to anyone globally, sending money is still surprisingly slow and difficult.

— evernorthxrp (@evernorthxrp) May 26, 2026

XRP Ledger enters the finance debate

Evernorth believes blockchain technology can modernize and increase trust in existing financial systems. They highlighted the XRP Ledger as a key solution, particularly for improving payments, finalizing transactions, and enabling tokenized financial products.

The company highlighted that XRP’s potential extends beyond just payments. They see opportunities for it in areas like lending, secure digital storage (tokenized vaults), and decentralized finance, suggesting a larger future for XRP in the world of digital money.

This approach aligns with Evernorth’s business strategy. The company describes itself online as a digital asset management firm focused on providing investment opportunities in the XRP market. Notable backers of Evernorth include Ripple, SBI Holdings, and Arrington Capital.

Nasdaq plan adds public market focus

Evernorth is getting ready to become a publicly traded company that holds XRP. Earlier this year, in March, they filed the necessary paperwork with the U.S. Securities and Exchange Commission (SEC) to list on the Nasdaq stock exchange after merging with Armada Acquisition Corp. II.

The agreement is projected to generate over $1 billion. Evernorth intends to primarily use this money for an XRP investment plan focused on lending to institutions, providing market liquidity, earning returns through decentralized finance (DeFi), and supporting the XRP ecosystem.

According to crypto.news, Evernorth has added Robert Kaiden, CFO of OpenAI Foundation, and Derar Islim, COO of Antalpha, to its board as independent directors. The company is gearing up to list on the public market under the symbol XRPN, offering investors a way to invest in its XRP-focused approach.

Ripple growth and XRP demand remain separate questions

Evernorth’s statements arrive amid ongoing discussion in the XRP community about whether increased use of blockchain by institutions will lead to more demand for XRP tokens. A recent report from crypto.news noted that Ripple has signed several deals with institutions in 2026, but these deals haven’t always translated into direct purchases of XRP.

This is important for Evernorth’s main argument. They believe traditional banking systems are inefficient, and they’re building a company based on the idea that XRP could be a key part of the future of finance.

Evernorth believes that blockchain and artificial intelligence could combine to shape the future of finance. However, they emphasize the importance of safety measures for rapidly developing AI, prioritizing responsible and regulated implementation over simply automating everything.

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2026-05-27 12:37