u.today
Japan's SBI Holdings has confirmed a $200 million investment in Evernorth, a first of its kind institutional vehicle built to accelerate $XRP adoption.
In a recent tweet, Chairman and CEO of SBI Holdings Yoshitaka Kitao shared a release from the company in this regard. In the release, SBI Holdings disclosed its investment in Evernorth's private placement alongside Ripple, its key partner, and others.
XRPトレジャリー事業を展開するEvernorth社への出資に関するお知らせ［SBIホールディングス］ https://t.co/hZaC71w4Xt
— 北尾吉孝 (@yoshitaka_kitao) October 21, 2025
Evernorth intends to raise a total of more than $1 billion, of which SBI Group says it will invest $200 million in cash.
The funds raised will be used primarily to purchase $XRP on the open market and build one of the world's largest public $XRP treasuries. This treasury will not simply hold $XRP but will actively utilize institutional lending and DeFi to aim for continuous asset value growth.
SBI Group reiterates its support for $XRP, saying it has encouraged 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 scores new integration
In a recent tweet, RippleX shares the news of $XRP Ledger's latest integration with Brale.
Brale, a platform that allows users to issue their own stablecoin, is now live on the $XRP Ledger, bringing stablecoin issuance and Ripple USD settlement to businesses.
With the integration, businesses can use Brale to issue and manage regulated stablecoins — whether backed by U.S. dollars or other supported currencies — directly on the XRPL through the same simple API they already use for payments (including on-ramps, off-ramps and wallet infrastructure for custody and settlement).
Brale also integrates Ripple USD ($RLUSD), Ripple's USD-backed stablecoin, allowing companies to settle in $RLUSD available on the $XRP Ledger and Ethereum.