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XRP News: Ripple-Backed Evernorth to Boost Liquidity and Treasury on XRPL

Varinder Singh
17 hours ago Updated 14 hours ago
Varinder Singh

Varinder Singh

Independent Sr. Journalist
Expertise : Bitcoin, Crypto, Global Macro, DeFi, Blockchain, Web3, US Stocks, AI, Regulations and Lawsuits, & More
Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers.
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XRP News Ripple-Backed Evernorth Taps Doppler Finance to Boost Liquidity, Treasury on XRPL

Highlights

  • Ripple-backed Evernorth announces collaboration with Doppler Finance in a major XRP news today.
  • The companies will boost institutional liquidity, treasury management, and adoption on the XRP Ledger (XRPL).
  • It will increase XRP adoption and strengthen confidence in XRPL.
  • XRP jumps with a significant rise in trading volume.

In a major news today, Ripple-backed Evernorth Holdings announced a strategic collaboration with Doppler Finance, an XRP finance infrastructure provider. The partnership aims to enhance institutional liquidity, treasury management, and adoption on the XRP Ledger (XRPL).

XRP News: Ripple-Backed Evernorth to Boost Institutional Adoption on XRPL

Evernorth Holdings, an XRP treasury backed by Ripple, selected Doppler Finance to advance institutional liquidity and treasury use cases on the XRP Ledger (XRPL), according to an official announcement on January 9.

This strategic collaboration between the XRP treasury and a core on-chain infrastructure provider to facilitate greater integration between traditional finance and XRPL-native financial systems.

The initiative is to increase institutional adoption of the XRP Ledger ecosystem by providing enhanced liquidity, treasury management, and on-chain support. This news is considered significant for the XRP community.

Doppler’s institutional-grade architecture will attract institutional capital to the XRP ecosystem. It will also contribute to establishing the commercial, operational, and technical foundations necessary for sustained growth.

Plan to Expand XRP Market Reach

The companies will also collaborate on coordinated strategic communications and market-facing initiatives, including joint announcements, publications, and in-person engagements.

Additionally, the companies plan to focus on global market expansion efforts targeting both institutional and retail participants. These efforts are expected to increase XRP adoption and strengthen confidence in XRPL-native financial infrastructure.

The companies have expressed a commitment to positioning XRP as a key asset for institutional investors and the broader crypto community. This initiative aligns with their vision to bridge traditional finance and the cryptocurrency market.

Earlier this week, Ripple advanced its efforts to bridge traditional finance and the crypto market when its corporate treasury management firm GTreasury acquired Solvexia.

“We are advancing practical frameworks for deploying institutional XRP liquidity onchain, with the goal of setting a higher standard for how XRP is used, managed, and scaled across global markets,” said Asheesh Birla, CEO of Evernorth.

XRP Price Wavers amid this Major News

XRP price continues to waver amid this strategic collaboration news. Ripple coin is currently trading at $2.12, with a 24-hour low of $2.07 and a high of $2.16. Trading volume has also risen by more than 11% over the past 24 hours.

Experts suggest that Evernorth Holdings’ proposed merger with Armada Acquisition Corp II, which would create the world’s largest public XRP treasury, could also trigger a rally in XRP price. The merger is expected to close this quarter.

According to Coinglass, derivatives markets indicate continued selling activity. Total XRP futures open interest declined by 0.30% to $4.19 billion in the past four hours. Open interest decreased by nearly 0.20% on CME and 0.40% on Binance.

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About Author
About Author
Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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