Ripple’s CEO Brad Garlinghouse just dropped a bombshell that the XRP Army has been waiting for. Aligning with Ripple’s original vision of information moving just like money, Garlinghouse said the company’s products are now focused on “More institutional products that can do beyond just “buy & hold” digital assets”.
Dimes Dropped On XRPN’s Closing-Bell Ceremony
Ripple CEO said the fintech company has contributed a lot of XRP tokens into Evernorth, the nearly $500 million corporate treasury fund that’s arriving on NASDAQ this week. Ripple CEO said the launch of a lending protocol on the XRPL allows to build upon the institutional trust the company has gained by being a top-tier liquidity provider.
“We do believe in a multi-chain world”, stated Ripple’s CEO. He also doubled down on XRP as the centerpiece of the Ecosystem. Ripple’s Brad Garlinghouse was speaking at the Evernorth closing bell ceremony. The mult-million corporate treasury fund, including solely XRP, debuts after the merger with Armada Acquisition Corporation.
Ripple’s Bigger Play With XRP As The Flagship
Evernorth’s XRPN has come a long way to make this NASDAQ listing happen. Notably, the most important legal step was completed on September 30, when shareholders of Armada Acquisition Corp. II unanimously approved the merger & corresponding Form 8-K was filed with the SEC, as mentioned in DailyCoin’s previous coverage of the breaking story.
Evernorth’s Founder and CEO Asheesh Birla said the XRPN listing as a way for all types of investors to get regulated, transparent XRP exposure through a public vehicle rather than only through direct token ownership. Meanwhile, XRP Ledger’s getting closer to lending activation.
Presently, two key proposed upgrades are being prepared. The first one, the XLS-65, would create pools holding one asset, while XLS-66 would support fixed-term loans. On October 15, 2026, validator support stood at 60% and 54%, respectively.
These credit plans include high-level risk controls for corporate investors. The lending proposal keeps borrower checks outside the blockchain. It also offers optional first-loss reserves to cover some initial loan losses. Ripple’s tech stack in this way was recently adopted by Stan Chartered.
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