Japan’s SBI Holdings has confirmed a $200 million investment in Evernorth, the first institutional investment built to accelerate the adoption of XRP.
SBI Holdings Chairman and CEO Yoshitaka Kitao shared the company’s release in this regard in a recent tweet. In this release, SBI Holdings, along with key partners Ripple and others, revealed its investment in Evernorth’s private placement.
Announcement regarding investment in Evernorth, which develops XRP treasury business[SBI Holdings]https://t.co/hZaC71w4Xt
— Yoshitaka Kitao (@yoshitaka_kitao) October 21, 2025
Evernorth plans to raise a total of more than $1 billion, of which SBI Group has announced that it will invest $200 million in cash.
The funds raised will primarily be used to purchase XRP on the open market and build one of the world’s largest public XRP vaults. Our treasury does not simply hold XRP, but actively utilizes institutional financing and DeFi, aiming to continuously improve asset value.
SBI Group reiterated its support for XRP and stated that it has been encouraging the practical application of XRP both domestically and internationally for many years, including the establishment of SBI Ripple Asia, a joint venture with Ripple.
XRP Ledger brings new integrations
RippleX shares news of the latest integration of the XRP Ledger and Brale in a recent tweet.
Brale, a platform that allows users to issue their own stablecoins, runs on the XRP Ledger, bringing stablecoin issuance and Ripple USD payments to businesses.
This integration will enable businesses to use Brale to issue and manage regulated stablecoins backed by the US dollar or other supported currencies directly on XRPL through the same simple APIs they already use for payments, including on-ramp, off-ramp, and wallet infrastructure for storage and settlement.
Brale is also integrating Ripple USD (RLUSD), Ripple’s USD-backed stablecoin, allowing businesses to settle with RLUSD, which is available on the XRP ledger and Ethereum.
