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

Thumbnail of the video “The Block - Evernorth CBO: XRP Ledger Is the "Natural Home" for Tokenization | Sagar Shah”
Community upload. AI output has not been independently verified.
Author: The Block
Categories: Real Estate Business Crypto
Tags: real-estate, business, crypto
Views: 1 · Last viewed: 2026-10-13 22:55 UTC

Short Summary

Main recommendation: Evernorth's central view is that the XRP Ledger is the "natural home" for real-world asset tokenization, and that holding XRP and putting it to work inside the XRP ecosystem (including via XLS-66 native DeFi) is how Evernorth plans to differentiate itself. The speaker, Sagar Shah, Evernorth's chief business officer, argues the ledger's speed, low fees, and native protections make it well suited to this growth. The interview also covers XLS-66 and an upcoming Swell conference.

Key Points

  • Evernorth is positioned as the leading XRP digital asset treasury company, going public via a SPAC transaction, with the goal of putting its XRP to work and growing the XRP ecosystem.
  • XLS-66 brings core DeFi borrow-lend functionality natively to the XRP Ledger, rather than building it on top of the protocol as other chains do, so it carries the same protections the ledger has offered for over a decade.
  • Shah argues XRP-native DeFi reduces smart contract exploit risk compared with other chains, and says validators are reviewing the XLS-66 code during the amendment process.
  • Shah says XRP was built for modern finance: transactions settle in 3 to 5 seconds, with high throughput and very low fees.
  • Shah cites roughly $30 billion in tokenized assets versus trillions that have not yet been tokenized, which he sees as the opportunity for XRP Ledger growth.
  • Swell is merging its developer conference with its customer conference this year, bringing institutional customers and builders together in late October.

Details Worth Noting

  • Concrete instructions: The interview gives no step-by-step instructions, checklists, or how-to guidance for viewers; its advice is directed at the XRP ecosystem and Evernorth's strategy rather than at individual actions.
  • Shah says Evernorth's differentiator versus products like an ETF is that it aims to deploy XRP within the XRP ecosystem itself, not just hold it.
  • Shah notes the ledger is adding functions such as confidential transfers and smart escrows alongside XLS-66.
  • Shah states he cannot speak for Ripple now that he has left the company, after about five years there.
  • The host notes other tokenization advocates, including Larry Fink, Vlad Tenev, and Carlos Domingo of Securitize.
  • The Swell conference is about two months away, at the end of October, and Evernorth plans to have a presence there.

Bottom Line

Evernorth's strategy rests on the bet that native XRP Ledger features, especially XLS-66 DeFi and tokenization, will drive the ledger's next phase of growth, though the claims are the speaker's own and are not independently verified in the interview.