Evernorth explores DeFi opportunities on XRP Ledger as native lending proposal advances

Evernorth, an XRP-focused digital asset treasury firm, is exploring decentralized finance opportunities on the XRP Ledger as the XLS-66 native lending proposal undergoes validator review. Chief Business Officer Sagar Shah reveals that Evernorth, which is in the process of going public, aims to actively deploy its XRP holdings. Shah argues that native ledger-level lending offers superior security compared to smart contracts on other chains, while highlighting a tokenized asset market that could reach trillions.

Evernorth XRP treasury strategy

• ▪Evernorth Chief Business Officer Sagar Shah stated at the Wyoming Blockchain Symposium 2026 that the firm is currently in the process of going public.
• ▪Evernorth Chief Business Officer Sagar Shah stated that Evernorth was built to actively put its XRP holdings to use rather than simply holding them.
• ▪Evernorth, an XRP-focused digital asset treasury firm, is exploring decentralized finance (DeFi) opportunities to deploy its XRP holdings across the XRP Ledger ecosystem.

XLS-66 native lending proposal

• ▪The proposed XRP Ledger native lending framework, which includes the XLS-65 and XLS-66 proposals, is currently undergoing validator review and voting.
• ▪Ripple has expressed support for the XLS-65 and XLS-66 developments, which aim to position native on-ledger lending as a core protocol use case for XRP.

XRP Ledger DeFi security advantages

• ▪Evernorth Chief Business Officer Sagar Shah argued that implementing the XLS-66 proposal natively at the ledger level could offer greater protections than smart contract-based DeFi applications on other networks.
• ▪Evernorth Chief Business Officer Sagar Shah stated that smart contract exploits, which exist on other blockchain networks, are almost non-existent on the XRP Ledger due to its native design.

Real-world asset tokenization potential

• ▪Evernorth Chief Business Officer Sagar Shah highlighted confidential transfers and smart escrows as functions that could broaden the XRP Ledger's use in real-world assets.
• ▪Evernorth Chief Business Officer Sagar Shah stated that roughly $30 billion in assets are currently tokenized, with the potential for the market to reach trillions of dollars.