SBI Holdings has announced a $200 million investment in Evernorth, a strategic move to enhance XRP adoption. This investment, made in collaboration with Ripple and other partners, is part of Evernorth's plan to raise over $1 billion. The funds will be used to purchase XRP and establish a substantial public XRP treasury, which will utilize institutional lending and DeFi to increase asset value.
SBI Group has reaffirmed its commitment to XRP, highlighting its ongoing partnership with Ripple through SBI Ripple Asia. In a related development, Brale, a stablecoin issuance platform, has integrated with the XRP Ledger, allowing businesses to issue and manage stablecoins on the network.
SBI Holdings Invests $200 Million in Evernorth to Propel XRP Adoption
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