Uploaded February 2026 | Updated September 2026, 2 hours ago

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In this episode of Onchain Economy, we’re joined by Asheesh Birla, CEO of Evernorth, to discuss why institutional DeFi is finally ready for prime time, and why the XRP ecosystem is uniquely positioned to lead this next phase of on-chain finance.

Asheesh explains how Evernorth is building the world’s largest institutional XRP treasury, deploying capital into yield-bearing opportunities across the XRP Ledger, and acting as an active steward of the XRPL DeFi ecosystem. With regulatory clarity, growing onchain infrastructure, and institutional capital aligning for the first time, this episode captures a pivotal moment for XRP’s evolution from payments rail to full financial ecosystem.

In this episode, you’ll learn:

What “institutional DeFi” really means — and why now is the moment
How Evernorth deploys XRP into onchain yield strategies
Why regulatory clarity makes XRP a foundation for institutional finance
What’s next for XRPL as capital markets move onchain