Institutional interest in XRP and blockchain technology is accelerating rapidly, according to Evernorth’s CEO Ashish Birlawho shared his latest views during the XRP Las Vegas conference.
“Did you think we would be in the position we are in in 2026? No. But wow, institutions are embracing blockchain technology. Institutions want exposure to XRP and other digital assets as well,” he said.
Stablecoins drive growth
One of the main factors behind this rise is the emergence of stablecoins and tokenized assets.
According to Birla, total token assets on blockchain networks are now around $23 billion and continue to expand every quarter. Although this number is still small compared to traditional financial markets, he noted that the long-term opportunity is enormous.
“The adoption rate right now is unbelievable,” he said.
Birla also pointed to Ripple’s stablecoin, RLUSD, as a sign of growing blockchain use. In fact, RLUSD processed about $22 billion in transaction volume during the last quarter alone.
“This is not theoretical,” he said. “You see people adopting this technology behind the scenes.”
Furthermore, stablecoins act as major ramps in and out of blockchain ecosystems. As a result, institutions and ordinary users can move money across networks more easily. Wider adoption of RLUSD could also lead to increased activity on the XRP Ledger.
Blockchain is moving beyond shareware
Meanwhile, Birla said the industry has moved beyond the pilot phase.
Instead of testing blockchain technology, major financial companies are now integrating it into real business processes.
“You don’t hear about pilots anymore,” he said. “You hear about BlackRock adopting planes and creating divisions. You even hear about Jamie Dimon adopting these planes.”
In Birla’s view, this transformation represents a major turning point for the sector.
“This is no longer an experiment. This is the real world.”
XRP reaches mainstream finance
At the same time, traditional financial media began to pay more attention to the industry.
“I didn’t think I would see the day when you would see XRP in a ticker symbol on CNBC or Bloomberg,” Birla said.
While more education and adoption is still needed, he described the current environment as one of the most exciting periods yet for XRP, stablecoins and blockchain technology. As institutional participation continues to grow, blockchain’s role in global finance is expanding as well.
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