- Ripple CEO steps into advisory role at $1B XRP treasury firm
- Evernorth channels major funding into open market XRP acquisitions
- CEO vision highlights blockchain integration across finance by 2026
Ripple CEO Brad Garlinghouse has taken on a strategic advisory role at Evernorth, linking XRP focused treasury deployment with Ripple’s top executive leadership. The appointment connects large scale XRP capital strategy with oversight from one of the ecosystem’s most influential figures.
This development goes beyond governance optics, as Evernorth operates as a dedicated XRP treasury firm with active market exposure. By bringing in the Ripple CEO, Evernorth aligns long term XRP accumulation with enterprise level infrastructure insight.
According to a recent tweet from Evernorth, the company highlighted the leadership team guiding its strategic direction and execution. The update was followed by a detailed release explaining governance structure, transaction mechanics, and advisory roles.
Brad Garlinghouse was named a strategic advisor alongside Ripple executives Stuart Alderoty and David Schwartz. Their roles support ecosystem alignment while preserving Evernorth’s operational independence.
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Evernorth reinforces XRP focused treasury strategy
Evernorth confirmed that it launched through a $1 billion transaction supported by several major industry players. SBI contributed $200 million as part of the overall funding structure. Ripple participated as an investor alongside Rippleworks, Pantera Capital, Kraken, and GSR. Ripple cofounder Chris Larsen was also involved in the transaction.
A significant portion of the net proceeds was directed toward open market XRP purchases. The remaining funds were allocated to working capital, general operations, and transaction related costs.
This approach positions Evernorth as a dedicated XRP treasury company rather than a diversified crypto holder. As a result, Garlinghouse’s advisory role aligns closely with the firm’s core mandate. The governance framework emphasizes accountability while preserving flexibility. Advisors contribute strategic insight, while management retains execution responsibility.
Evernorth CEO shares outlook on 2026 digital asset adoption
Evernorth’s leadership has also offered a forward looking view on how blockchain adoption may evolve. In December, 36Crypto reported comments from Evernorth CEO Ashish Birla shared in a video circulated on X.
Rather than focusing on market prices, Birla outlined what institutions may actively deploy by 2026. He pointed to treasury automation as a central use case for blockchain infrastructure.
Stablecoin expansion featured prominently in the projection, especially for payments and settlement. Birla also highlighted potential disruption in foreign exchange through blockchain based liquidity tools.
Tokenized customer engagement was described as another area gaining traction. The broader message framed 2026 as a period when blockchain systems become embedded within everyday financial operations.
XRP Ledger upgrades and market activity add momentum
Alongside leadership developments, the XRP Ledger ecosystem has seen notable technical progress. RippleX recently issued an upgrade alert for XRPL Version 3.0.0, urging validators and node operators to update promptly.
The release included several fixes aimed at improving network reliability. One key update resolved an issue related to the TokenEscrow amendment involving MPTs with transfer fees.
Market activity intensified around the same period. XRP moved above $2.40, gaining as much as 11% within 24 hours and reaching $2.41.
Trading volume marked one of the strongest sessions since mid December. U.S. spot XRP ETFs also recorded $48 million in net inflows on Monday, with several products posting record daily volumes.
Together, leadership clarity, treasury execution, and infrastructure upgrades continue shaping Evernorth’s role within the XRP market narrative.
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