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Evernorth’s CBO Sagar Shah believes XRP has a huge adoption potential.
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Evernorth wants to become the largest publicly listed XRP Treasury Company under the ticker code XRPN.
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Shah cites regulatory improvements in Europe (MiCAR), and Japan as key factors for XRP adoption.
Sagar Shah, Evernorth’s CBO, believes XRP is a product with a huge potential for adoption. According to Shah cryptocurrency is structural for global finance including cross-border payment, with an annual volume exceeding $150 trillion.
Evernorth’s Plans for XRP
In a podcast, Shah discussed Evernorth’s plans to become the largest publicly traded XRP treasury. According to Shah Evernorth’s stock will be listed on the Nasdaq with the ticker XRPN. The company will continue to acquire XRP tokens, and use them in the XRP eco-system.
Shah cited the improved regulatory environment around XRP, blockchain and cross-border payments as a boost to the cryptocurrency. He cited the conclusion of the court case between Ripple, the SEC and other parties as a milestone for XRP.
Why XRP is set for Massive Adoption
Shah also identified regulatory developments in Europe and Asia as key developments that support XRP adoption. This includes MiCAR, and other progressive frameworks, such as those in Japan. In response to the progress made, institutions are now engaging with financial giants such as Goldman Sachs in new engagements and publicizing their XRP positions.
Shah praised the XRP spot-ETFs that were launched towards the end of 2025 for their massive contribution to the development of the cryptocurrency. He cited the $1 billion invested in XRP ETFs, despite the fact that the cryptocurrency is still in its early stages of development, as a sign of increasing adoption.
XRP is still in its early stages of adoption, but it is rebounding.
Shah finds it impressive that XRP adoption is still in its early stages. He believes that market conditions will improve, and more investors will flood into the ecosystem. This will cause a significant increase in the value of the cryptocurrency.
According to TradingView, XRP has rebounded in the past week. It has risen 22.5%, surpassed the $1.5000 barrier, and reached a local high of $1.6072, according TradingView data. The cryptocurrency has retreated slightly due to macroeconomic developments, and was trading at $1.5090 as of the time of writing.
Related:XRP hits 7.7M holders as analysts call for $5-$8 price breakout
