In big XRP news today, Ripple-backed Evernorth Holdings announced a strategic collaboration with Doppler Finance, an XRPfi infrastructure provider. The companies will work towards boosting institutional liquidity, treasury management, and adoption on the XRP Ledger (XRPL).
XRP News: Evernorth and Doppler Finance to Boost Institutional Adoption on XRPL
Ripple-backed XRP treasury Evernorth Holdings tapped Doppler Finance to advance institutional liquidity and treasury use cases on the XRP Ledger (XRPL), as per an official announcement on January 9.
The strategic collaboration between XRP treasury and core on-chain infrastructure paves the way for deeper convergence between traditional finance and XRPL-native financial systems.
This will boost institutional adoption of the XRP Ledger ecosystem, providing liquidity, treasury management, and on-chain support, a major news for the XRP community.
Doppler’s institutional-grade architecture will bring institutional capital into the XRP ecosystem. It will also help establish commercial, operational, and technical foundations required for long-term growth.
Ripple-Backed Evernorth Holdings and Doppler to Expand XRP Reach
In the major XRP news, the companies will also work on coordinated strategic communications and market-facing initiatives. It includes joint announcements, publications, and offline engagements.
In addition, Evernorth and Doppler intend to focus on global market expansion efforts targeting both institutional and retail participants. It will increase XRP adoption and strengthen confidence in XRPL-native financial infrastructure.
The companies claimed commitment to positioning XRP as a key asset among institutionals and the crypto community. This is part of the vision to bridge traditional finance and the crypto market.
Earlier this week, Ripple achieved another milestone in boosting the TradFi-crypto market bridge as its corporate treasury management firm GTreasury acquired Solvexia.
“We are advancing practical frameworks for deploying institutional XRP liquidity onchain, with the goal of setting a higher standard for how XRP is used, managed, and scaled across global markets,” said Asheesh Birla, CEO of Evernorth.
XRP Market Surges amid this Major News
XRP price bounced more than 3% from lows amid the news of Evernorth and Doppler’s partnership. The price is currently trading at $2.12, with a 24-hour low of $2.07 and a high of $2.16. Trading volume also increased by more than 11% over the last 24 hours.
Experts believe Evernorth Holdings’ proposed merger with Armada Acquisition Corp II to become the world’s largest public XRP treasury could also trigger XRP price rally. The merger is expected to close this quarter.
Derivatives markets show continued selling, according to Coinglass. The total XRP futures open interest fell 0.30% to $4.19 billion in the last 4 hours. Total futures open interest plunged almost 0.20% on CME and 0.40% on Binance.
Source: https://coingape.com/xrp-news-ripple-backed-evernorth-taps-doppler-to-boost-liquidity-treasury-on-xrpl/
