Evernorth CEO Explains Why He Chose XRP Over Bitcoin

Asheesh Birla, chief executive of Nasdaq-listed digital asset treasury firm Evernorth Holdings Inc., said on the Thinking Crypto podcast Thursday that the company chose XRP rather than Bitcoin as the base of its treasury strategy. He said Bitcoin can be held and moved but has limited on-chain use, while XRP is suited to on-chain finance and real-world asset tokenization as institutions tokenize assets and seek secure, efficient blockchain trading. Evernorth plans to seek risk-adjusted yield from its XRP through traditional-finance strategies and on-chain networks, including DeFi lending and vaults on the XRP Ledger. Birla said the firm will move its 473 million XRP gradually into lending to institutions and other on-chain yield sources, with security, liquidity and long-term returns as priorities.