Evernorth is shaping up to be one of the biggest catalysts that will reprice $XRP And I don’t think people fully understand what Asheesh Birla is building yet. Ten years ago, Birla walked into major institutions with Ripple and heard the same response: Interesting. Let’s wait. Let’s see what happens. Fast-forward to June 2026. He goes back to New York and sees something completely different. The teams are already built. Legal. Compliance. Custody. Risk. Technology. Digital assets. Capital allocation. The conversation has moved from “Should we look at crypto?” to “What are we deploying?” Evernorth itself is proof of that shift. It has already purchased or committed more than 473 million XRP. And the capital behind it includes names like: -Ripple -SBI Group -Pantera Capital -Kraken -GSR -Arrington Capital -SBI alone committed $200 million. But here’s the part I care about most. Evernorth is not being built to buy XRP and leave it sitting in cold storage. Its strategy is to make that XRP work. -Provide liquidity. -Lend XRP. -Use it as collateral. -Deploy it into institutional DeFi. -Support payments. -Support tokenized markets. -Participate in capital markets. That completely changes how I look at a giant XRP treasury. Imagine hundreds of millions of XRP becoming usable inventory for market makers. A market maker needs XRP liquidity. Instead of buying every XRP it needs outright, it can borrow inventory. Evernorth provides the XRP. The market maker provides deeper liquidity. Larger transactions become easier. FX markets become deeper. Tokenized assets get better settlement liquidity. More institutions can participate. Then the XRP returns into the treasury strategy. That is financial working capital. And Ripple is already building the credit layer for it. The upcoming XRPL Lending Protocol is specifically being positioned around lending and borrowing XRP. Evernorth has already been named as preparing to use it. Then add Doppler Finance, which is working with Evernorth around institutional XRP liquidity and treasury management. Then add RLUSD as the digital dollar side. Then add t54, which is building AI-powered treasury infrastructure around risk, liquidity, compliance and execution. Now look at everything surrounding that capital. XRP ETFs already created regulated investment access. Ripple Custody gives institutions custody infrastructure. Aviva Investors is working on tokenized funds. CSD BR is using XRPL with BTG Pactual fund ownership records. Ripple Payments keeps expanding. SWIFT has banks running tokenized-deposit infrastructure. DTCC has major institutions executing tokenized securities transactions. The environment around XRP is completely different from the one Birla was pitching a decade ago. Back then, the technology existed. Today, we’re getting: technology + regulation + capital + institutional teams + real financial infrastructure. And Evernorth can sit right in the middle with one of the largest dedicated pools of XRP capital built to actually participate. That’s the part I believe can reprice how the market looks at $XRP. From something people simply hold... to an asset institutions can borrow, lend, deploy, provide liquidity with and use as working capital. Do you get how bullish this is?