Evernorth will gradually allocate the roughly 473 million XRP held on its balance sheet to institutional lending and onchain yield opportunities, Chief Executive Asheesh Birla said in an interview published on Thursday, October 22.

The company, a digital asset treasury firm built around XRP, holds the token as the core of its treasury. In the interview, Birla laid out the reasoning behind structuring the firm's reserves in XRP and outlined plans to put those holdings to work through lending and yield-generation strategies.

The plan marks a departure from the static holding model, in which treasury tokens sit idle on the balance sheet. Because XRP does not generate returns simply by being held — the XRP Ledger has no native staking mechanism — earning yield on the tokens requires deploying them through lending arrangements rather than collecting protocol-level rewards.

Onchain yield strategies generally involve supplying digital assets to blockchain-based lending protocols or institutional counterparties in exchange for interest, allowing holders to earn returns on assets that would otherwise remain idle on a balance sheet. XRP is the native asset of the XRP Ledger.

For a firm whose reserves are concentrated in a single token, active deployment adds a yield dimension to a treasury strategy that would otherwise rely on the holdings alone. That range of approaches — from pure accumulation to active treasury management — has become a distinguishing feature among the growing cohort of digital asset treasury companies.

The company did not specify a deployment timeline or name the lending venues involved, details that could shape how the strategy is assessed. The interview was published on October 22, and the report first appeared on COINOTAG on October 24, 2026.

This report was first published on COINOTAG: Evernorth to Put Its 473 Million XRP Into Onchain Lending and Yield