Evernorth CBO: XRP Ledger Is the "Natural Home" for Tokenization | Sagar Shah

Watch on YouTube ↗  |  August 24, 2026 at 11:35  |  4:56  |  The Block
Speakers
Sagar Shah — Chief Business Officer, Evernorth

Summary

Sagar Shah, CBO of Evernorth, discusses the company's XRP treasury strategy and pending D-SPAC listing. He explains how XLS-66 would bring native borrow/lend functionality to the XRP Ledger and why XRPL's speed, cost, throughput, and new features make it a natural home for real-world asset tokenization. He also previews Swell 2026 and Evernorth's role there.

  • Evernorth positions itself as an XRP digital asset treasury company and plans a D-SPAC listing.
  • XLS-66 would add native DeFi borrow/lend functionality to the XRP Ledger.
  • Sagar Shah argues XRPL's native design reduces smart contract exploit risk.
  • XRPL's settlement speed, throughput, low fees, and new features support real-world asset tokenization.
  • He sees XRP Ledger as the natural home for tokenizing trillions in currently untokenized assets.
  • Swell 2026 in late October will merge developer and customer conferences, and Evernorth will have a presence.
Ideas
Sagar Shah Chief Business Officer, Evernorth 0:36
Evernorth offers active XRP treasury exposure
Evernorth is purpose-built as a leading XRP digital asset treasury company and is going public via a D-SPAC transaction. Unlike passive XRP ETFs, Evernorth plans to put its XRP to work natively within the XRP ecosystem, which Sagar Shah argues differentiates it as a way to gain XRP treasury exposure while supporting ecosystem growth.
Evernorth MED
Sagar Shah Chief Business Officer, Evernorth 1:08
Native XLS-66 makes XRPL DeFi safer
XLS-66 brings borrow and lend functionality natively to the XRP Ledger, giving it the same core protocol protections the ledger has had for more than a decade. Sagar Shah argues this reduces smart contract exploit risk relative to other chains and, once through the validator amendment and review process, should make XRPL DeFi more robust and attractive.
XRP HIGH
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This The Block video, published August 24, 2026, features Sagar Shah discussing Evernorth, XRP. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Sagar Shah  · Tickers: Evernorth, XRP