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Evernorth is exploring how it can integrate AI into its $XRP treasury operations, focusing on improving risk management.
t54 Labs co-founder Chandler Fang revealed this during a recent podcast with Evernorth CEO Asheesh Birla. Notably, they discussed the risks and opportunities of combining AI with crypto, especially in an always-active market, where risk management is important.
Key Points
- Evernorth’s Asheesh Birla raised concerns about AI unpredictability and how firms could navigate it.
- Fang said companies should adopt AI quickly but with caution, stressing that AI can reduce human error and improve risk management.
- According to Fang, Evernorth is exploring how it could integrate AI into its $XRP Treasury operations, especially in risk management.
- Evernorth holds over 473 million $XRP and plans to grow value through DeFi, lending, and options strategies.
Evernorth CEO Raises Concerns Over AI
During the discussion, Birla explained that most organizations do not start their day thinking about innovation, but instead focus on making sure essential tasks like payroll run without issues. He used this point to show that while new technology is important, stability remains the top concern for treasury teams.
Birla shared an example involving a Meta safety professional, where an AI agent reportedly deleted all her email accounts after behaving unpredictably.
He used this case to call attention to the possible dangers of relying on AI systems that may act on their own without proper control. According to him, there could be concerns when such systems are used in financial operations.
He then turned to crypto-related risks. While blockchain improves speed by removing delays in moving money, Birla pointed out that instant transactions also increase the chances of mistakes or misuse. He explained that once funds move instantly, there is little room to correct errors.
t54 Labs CEO Calls for Cautious but Active AI Adoption
Birla then asked Fang how treasury managers should approach using AI in areas like agent-based commerce in 2026. He questioned whether they should move quickly or wait until the technology becomes more stable.
In response, Fang said companies should move forward with AI adoption, but with care and a focus on managing risk. He stressed that AI is improving quickly, mentioning tools from companies like OpenAI and Anthropic that already show impressive capabilities. According to Fang, this change is already happening, and businesses should not ignore it.
At the same time, Fang agreed that risk is still the main concern for treasury managers. He explained that people naturally try to avoid losses and uncertainty, which makes hesitation around AI understandable. However, he suggested looking at the issue from a different angle, arguing that AI can actually help reduce risk rather than increase it.
Evernorth Looking to Incorporate AI
To support his point, Fang used the example of Tesla’s autopilot system. Even though some people do not fully trust it, insurance companies often offer lower premiums for cars that use it. He explained that this is because data shows humans make more mistakes than machines.
Applying this idea to crypto, Fang commended Evernorth for already exploring how AI can be used in daily risk management. He said this can improve efficiency and help reduce risks, especially in a market that runs 24/7 and is highly volatile.
“The MicroStrategy of $XRP”
Evernorth calls itself the “MicroStrategy of $XRP,” looking to build and manage what it says will become the largest public or institutional $XRP treasury. Instead of just holding $XRP, the company plans to actively manage its assets to increase value over time.
In October 2025, Evernorth announced a planned merger with SPAC Armada Acquisition Corp. II, which trades on Nasdaq under the ticker AACI. The deal sought to raise over $1 billion from institutional investors, with most of the funds going into $XRP investments.
By November 2025, Evernorth confirmed it had purchased $XRP worth about $214 million. This brought its total purchased and committed holdings to more than 473,276,430 $XRP, representing around 0.473% of the total $XRP supply.
The company plans to actively manage its treasury to grow $XRP per share. Its strategy includes taking part in on-chain and DeFi activities, such as using Ripple’s RLUSD stablecoin in $XRP liquidity pools, lending $XRP, providing liquidity as an automated market maker, and using options strategies like covered calls and cash-secured puts.
On March 18, 2026, Evernorth filed its Form S-4 with the SEC, moving forward with its SPAC merger. The filing outlines its business model, treasury plans, and investor backing.