#CryptoNewss
$XRP
Ripple CEO Brad Garlinghouse has explained why the company contributed a significant amount of $XRP to Evernorth, the $XRP treasury company that recently debuted on Nasdaq. Speaking at Nasdaq on the company’s listing day, he said the move fits Ripple’s long-standing approach of investing in its own ecosystem, and that his trust in Evernorth’s leadership sealed the decision.
Why Ripple backed Evernorth
Asked why Ripple put its tokens into Evernorth, Garlinghouse said supporting the community has been part of Ripple’s strategy “since really its inception.” That support has sometimes reached beyond $XRP , he added, because Ripple believes in “a multi-chain world.”
The deciding factor was Evernorth CEO Asheesh Birla, who previously worked under Garlinghouse at Ripple and later sat on its board. “When Asheesh raised his hand and expressed interest, that to me cemented our interests,” Garlinghouse said.
He described Birla as “an extraordinary leader” who has shown “unique acumen around talent, around strategy,” both at Ripple and now at Evernorth.
Ripple was on to something;
Garlinghouse reflected on Ripple’s years as an outsider in crypto. Many early crypto users held a strongly anti-establishment view, and Ripple drew criticism for building for banks and traditional finance.
“For a bunch of years, Ripple was a controversial contrarian because we were leaning into TradFi as our core customer set,” he said. Now the market has come around, and “a lot of other players in the industry recognise that hey, maybe Ripple was on to something there.”
$XRP
Ripple CEO Brad Garlinghouse has explained why the company contributed a significant amount of $XRP to Evernorth, the $XRP treasury company that recently debuted on Nasdaq. Speaking at Nasdaq on the company’s listing day, he said the move fits Ripple’s long-standing approach of investing in its own ecosystem, and that his trust in Evernorth’s leadership sealed the decision.
Why Ripple backed Evernorth
Asked why Ripple put its tokens into Evernorth, Garlinghouse said supporting the community has been part of Ripple’s strategy “since really its inception.” That support has sometimes reached beyond $XRP , he added, because Ripple believes in “a multi-chain world.”
The deciding factor was Evernorth CEO Asheesh Birla, who previously worked under Garlinghouse at Ripple and later sat on its board. “When Asheesh raised his hand and expressed interest, that to me cemented our interests,” Garlinghouse said.
He described Birla as “an extraordinary leader” who has shown “unique acumen around talent, around strategy,” both at Ripple and now at Evernorth.
Ripple was on to something;
Garlinghouse reflected on Ripple’s years as an outsider in crypto. Many early crypto users held a strongly anti-establishment view, and Ripple drew criticism for building for banks and traditional finance.
“For a bunch of years, Ripple was a controversial contrarian because we were leaning into TradFi as our core customer set,” he said. Now the market has come around, and “a lot of other players in the industry recognise that hey, maybe Ripple was on to something there.”