- Evernorth CBO Sagar Shah sees XRP as having huge adoption potential.
- Evernorth aims to become the largest publicly traded XRP treasury company under the ticker XRPN.
- Shah cites regulatory progress in Europe (MiCAR) and Japan as key drivers of XRP adoption.
Evernorth CBO Sagar Shah believes XRP has an enormous potential for adoption. According to Shah, cryptocurrency is structural to global finance, including cross-border payments, with an annual volume of over $150 trillion.
Evernorth’s Plans for XRP
In a podcast interview, Shah highlighted Evernorth’s plans to be the largest publicly traded XRP treasury company. According to Shah, Evernorth will be traded on the Nasdaq under the ticker XRPN. Hence, the company will keep on acquiring XRP tokens and putting them to work in the XRP ecosystem.
Besides XRP’s use case for cross-border payments, Shah identified the improved regulatory conditions around XRP and blockchain as a boost for the cryptocurrency. He cited the finalization of the court case between Ripple and the SEC as a significant milestone for XRP.
Why XRP is Set for Massive Adoption
Additionally, Shah identified regulatory advancements in Europe and Asia, particularly MiCAR and other progressive frameworks in Japan, as key developments supporting XRP’s adoption. Following the progress made, institutional players are entering into new engagements with financial giants like Goldman Sachs and publicizing their XRP holdings.
In the meantime, Shah recognized the XRP spot ETFs launched toward the end of 2025 as a massive boost to the cryptocurrency’s development. He acknowledged the $1 billion that has flowed into XRP ETFs as a positive signal of growing adoption, despite being in the early stages.
Adoption Still in the Early Stages, XRP Rebounds
For Shah, the most impressive aspect of the developments surrounding XRP is that adoption is in the early stages. He believes market conditions will improve and more investors will flood the ecosystem, causing significant growth in the cryptocurrency’s value.
In the meantime, XRP’s price rebounded over the past week, rallying 22.5% and breaking above the $1.5000 resistance and reaching a $1.6072 local high, according to data from TradingView. However, the cryptocurrency pulled back slightly amid macroeconomic developments and traded at $1.5090 at the time of writing.
Related: XRP Hits 7.7M Holders as Analysts Call for $5–$8 Price Breakout
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