Banks Quietly Accumulate XRP Amid Market Volatility

The use of XRP by banks is a significant development in the cryptocurrency space, according to a recent claim made by a crypto influencer. The influencer points to an example of Evernorth, a company that manages over 400 million XRP tokens as part of its corporate treasury.

Evernorth uses XRP for lending, collateralization, and yield generation, and the company is going public via Nasdaq. This is not speculation, but rather live production use of XRP by an institution.

The influencer also highlights the growth of tokenized assets on the XRP Ledger, which has seen a 124% increase in Q1 2026. This trend is expected to continue, with institutions accumulating tokens and creating a structural supply crunch.