Ripple-backed Evernorth registered a Cayman Islands trademark for its XRP Digital Asset Treasury initiative and holds 473M XRP for lending, liquidity, and DeFi strategies.
RWA & Tokenization ·
Evernorth, which is backed by Ripple, has registered a trademark with Cayman Islands authorities for its XRP Digital Asset Treasury initiative. The registration protects services spanning digital asset treasury operations, custody, portfolio management, and blockchain software, with protection extending through 2036.
The entity currently holds approximately 473 million XRP and intends to grow this position through lending arrangements, liquidity provisioning, and decentralized finance strategies. The trademark filing signals a formalization of infrastructure ahead of expanded deployment across these use cases.
The specific mechanics of how Evernorth plans to execute lending and DeFi activities remain unclear, as does the timeline for position expansion and operational launch.