XRP News: Larsen’s 50M XRP Investment in Evernorth
- KINGVALEX reports that Chris Larsen, who co-founded Ripple and serves as its executive chairman, recently announced he’s personally investing 50 million XRP in Evernorth—a new DeFi venture focused on bringing XRP deeper into decentralized finance and capital markets.
- Larsen broke the news on X, congratulating @ashgoblue and the @evernorthxrp team on their launch. He called Evernorth “the missing link in XRP capital markets and XRP usage in DeFi products,” highlighting how it connects institutional finance with blockchain liquidity networks.
- This investment—worth tens of millions of dollars at today’s prices—shows Larsen’s serious belief in XRP’s future within DeFi. The goal is to enable yield products, liquidity pools, and cross-border financial tools using XRP as the foundation.
- But there are risks. DeFi is under heavy regulatory scrutiny worldwide, with authorities watching token flows, compliance, and transparency closely. Large XRP movements tied to DeFi platforms could attract extra attention from regulators or spark questions about reporting standards for digital assets.
- That said, the potential upside for XRP is significant. By backing Evernorth, Larsen’s injecting both liquidity and credibility into XRP-based DeFi solutions—which could drive more institutional interest and expand XRP’s real-world applications beyond just payments and remittances.
- As Larsen wrote: “Evernorth fills the missing link today in XRP capital markets, and XRP usage in DeFi products. I’m proud to invest 50M XRP in the firm (you may see some wallet movement on this).”
- The announcement has already energized XRP supporters and DeFi developers. Analysts think Evernorth could play a key role in XRP’s next chapter—bridging traditional capital markets with DeFi and strengthening Ripple’s ecosystem at a pivotal time for digital assets.
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