Ripple Pioneers as First Digital Asset Treasury Holding XRP
Ripple has made a groundbreaking move by becoming the first Digital Asset Treasury (DAT) company to hold XRP. This strategic decision not only involves the active development of real-world use cases for the token but also indicates a growing institutional interest in XRP beyond traditional payments. A rising number of DAT companies worldwide are now exploring the acquisition of XRP for diverse applications.
Evernorth Holdings Prepares for Public Listing
In the wake of this announcement, Ripple-backed Evernorth Holdings is gearing up to go public on Nasdaq under the ticker XRPN by early 2026. The company aims to become the largest public XRP treasury with over $1 billion in assets.
Currently, the XRP Treasury landscape includes:
- Evernorth Holdings – $1 billion
- Trident – $500 million
- Webus International – $300 million
- VivoPower – $121 million
Impressive Growth in the XRP Ledger
The XRP Ledger has witnessed significant growth, with 21,595 new wallets created in a mere 48 hours. This marks the highest growth in eight months. XRP’s value has surged by 12% in the last 24 hours. Analysts suggest this trend could generate long-term structural demand for XRP, independent of retail speculation.
Source: https://coinpedia.org/news/us-government-shutdown-live-updates-on-november-11-2025/