DriveWealth Integrates Ripple as Evernorth Plans XRP Treasury Deployment

Oct 14, 04:02 PM UTCMixedMedium impact

XRPN$15.20 −7.77%XRPUSD$1.32 −3.05%COIN$172.37 −5.18%XRPUSD$1.32 −2.96%

DriveWealth is integrating Ripple's blockchain infrastructure to modernize collateral funding, settlement, and digital asset custody across global markets. The partnership will first bring Ripple's RLUSD stablecoin settlement to the XRP Ledger in Europe before expanding into the United States. DriveWealth is also exploring equity financing options through Ripple Prime's Delta One business.

The integration enables DriveWealth clients to fund collateral accounts using stablecoins that convert into cash nearly in real time, reducing reliance on traditional bank transfers. Meanwhile, Evernorth Holdings Inc. (NASDAQ:XRPN) announced institutional execution partners including Coinbase Global, Inc. (NASDAQ:COIN), Ripple, Kraken, and BitGo. Evernorth intends to put its 473 million XRP (CRYPTO:XRPUSD) treasury to active use to generate income rather than keeping it as a passive holding.

Evernorth plans to begin deploying its treasury in the fourth quarter of 2026, working initially with established institutional partners before expanding into decentralized finance lending as credit infrastructure on the XRP Ledger matures.

Key points

DriveWealth is adopting Ripple's blockchain infrastructure and RLUSD stablecoins on the XRP Ledger for faster collateral funding.
Evernorth Holdings Inc. selected Ripple, Coinbase, Kraken, and BitGo as institutional partners to deploy its 473 million XRP treasury starting in Q4 2026.
DriveWealth plans to expand RLUSD settlement from Europe into the United States and explore equity financing with Ripple Prime.
Evernorth aims to shift from passive XRP holdings to revenue-generating institutional strategies and eventual decentralized finance lending.

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Questions and answers

How is DriveWealth integrating Ripple technology?

DriveWealth is using Ripple infrastructure to enable RLUSD stablecoin settlement on the XRP Ledger in Europe and later the U.S., allowing clients to convert stablecoins into cash in near real time.

What is Evernorth doing with its XRP treasury?

Evernorth Holdings Inc. plans to deploy its 473 million XRP treasury starting in Q4 2026 through institutional partners to generate earnings rather than holding the tokens passively.

Which institutional partners is Evernorth working with?

Evernorth selected Ripple, Kraken, Coinbase, and BitGo as its initial institutional execution partners.