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▲ XRP, cryptocurrency wallet/AI-generated image
EvernorthXRP, leveraging its XRP treasury strategy, has directly put forward the argument for a blockchain-based financial transition, calling the existing financial network “30 to 60 years behind in technology.”
According to The Crypto Basic on May 27 (local time), EvernorthXRP, the largest listed XRP treasury company, stated that a significant portion of the world's financial system still operates on outdated technology. EvernorthXRP pointed out that even with the rapid growth of blockchain and AI, existing systems connecting large banks cannot keep up with the speed of the modern internet.
EvernorthXRP shared remarks made by Chief Operating Officer Meg Nakamura at the Web Summit Vancouver event on X (formerly Twitter). Nakamura explained that even in an era where photos and videos can be sent globally instantly and for free, cross-border remittances are often still slow and inefficient. She suggested that financial applications might move towards being built directly on blockchain networks rather than improving outdated banking systems.
EvernorthXRP claimed that the XRP Ledger could support faster global money movement in the future. The company stated that XRP is expanding beyond cross-border payments into areas such as lending, tokenized vaults, and decentralized finance (DeFi). It added that while the combination of blockchain and AI can create new opportunities in the financial industry, rapidly moving AI systems without safeguards can also increase risks.
These remarks come as EvernorthXRP is pursuing a transition to become a listed XRP treasury company. Evernorth Holdings filed documents with the U.S. Securities and Exchange Commission in March 2026 regarding its merger plan with Armada Acquisition Corp. II, supported by Arrington Capital. The company has devised a strategy to hold XRP as a corporate treasury asset and provide investors with regulated XRP exposure through public markets.
EvernorthXRP stated that it has raised over $1 billion for this strategy. Supporting companies include Ripple, SBI Holdings, Pantera Capital, and Kraken. Upon approval from regulators and shareholders, the company is expected to trade on NASDAQ under the ticker XRPN.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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