- Evernorth plans to deploy XRP holdings across the XRP Ledger ecosystem.
- XLS-66 would introduce native fixed-term lending using pooled vault liquidity.
- Evernorth also sees tokenization and smart escrows expanding XRPL use cases.
Evernorth plans to put its XRP treasury to work across the XRP Ledger as new lending infrastructure advances. Chief Business Officer Sagar Shah identified XLS-66 as a major focus during the Wyoming Blockchain Symposium. XRP traded near $1.11 early Thursday after rising sharply on August 19.
Evernorth designed its treasury strategy around using XRP rather than simply holding the token. The company is also advancing toward a planned public-market listing.
XRP Ledger Lending Proposal Opens New Route for Evernorth
XLS-66 would introduce native lending directly on the XRP Ledger. The protocol supports fixed-term, uncollateralized loans funded through single-asset vaults. Credit assessment and underwriting would occur off-chain.
Shah said Evernorth wants to deploy its XRP through this proposed lending market. Ripple has previously identified Evernorth as a potential participant in the XRP Ledger lending protocol.
Validators still need to approve the underlying amendments before mainnet activation. The network currently offers developers a Devnet environment for testing the lending design.
Shah argued that native implementation could reduce attack surfaces associated with separate smart contracts. Still, the XRP Ledger model retains off-chain underwriting and risk-management requirements.
XRP Ledger DeFi Push Extends Into Tokenised Asset Markets
Evernorth also sees tokenization as another potential growth area for the XRP Ledger. Shah cited confidential transfers and smart escrows as features that could support real-world assets.
He estimated that roughly $30 billion in assets already sit on blockchain networks. The broader opportunity could eventually reach trillions if institutional tokenization expands.
Evernorth CEO Asheesh Birla has also framed blockchain as an infrastructure shift for value. He compared its potential with the internet transformation of information and digital commerce.
That strategy aligns with Evernorth’s plan to move XRP from passive treasury holdings into XRP Ledger applications. XLS-66 remains subject to validator review before those lending functions can operate on mainnet.
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