A recent update from crypto analyst Ripple Van Winkle has highlighted a developing framework surrounding institutional XRP holdings. The analyst detailed a network of corporate treasuries reportedly using XRP as part of their financial infrastructure, suggesting that these entities are building liquidity mechanisms for cross-border settlements rather than engaging in speculative accumulation.
Emerging XRP Treasury Network
According to the analyst, there are now eleven companies confirmed to be holding XRP within their treasuries. These entities represent a growing institutional layer within the XRP ecosystem, indicating a shift from retail speculation toward strategic utility.
Among the most notable names is Evernorth, reportedly backed by Ripple and holding an estimated $1 billion in XRP. The company is expected to deploy operations on the Flare Network, further integrating tokenized liquidity solutions into enterprise applications.
Additional participants in this emerging network include Trident with $500 million, Webus International with $300 million, and VivoPower with $121 million. Other firms such as Wellgistics and Everything Blockchain (EBZT) are also said to be leveraging Flare for yield generation, reinforcing the connection between XRP liquidity and interoperable blockchain environments.
There’s a reason you keep seeing “Evernorth,” “SBI,” and “Ripple” in the same filings.
11 treasury entities — all building liquidity pipelines for $XRP.
They’re not buying hype. They’re building the infrastructure of global payments.
The hidden network is already live. pic.twitter.com/2mOjnQlW2p
— Ripple Bull Winkle | Crypto Researcher 🚨 (@RipBullWinkle) October 24, 2025
Institutional Coordination and Utility Focus
Ripple Van Winkle emphasized that these developments represent deliberate coordination rather than independent diversification. The concept of “network seeding,” as he described it, reflects the strategic placement of XRP across various treasuries to create a foundation for global payment corridors.
This approach mirrors institutional liquidity preparation seen in traditional finance, where asset deployment across jurisdictions supports faster and more efficient settlement systems.
The analyst’s remarks also connected the growing XRP treasury framework to broader institutional readiness. He compared it to mechanisms historically used by central entities to support bridge asset functionality, implying that the present configuration could be paving the way for cross-border payment solutions where XRP plays a core infrastructural role.
Global Positioning and Strategic Implications
Notably, the list of treasury holders includes international firms such as Gumi in Japan and BC Japan, reflecting the geographic diversity of XRP adoption. The combined value of holdings across the identified entities surpasses several billion dollars, underscoring the scale of the initiative.
Digital Comm, Hyperscale, and Wellgistics add to the breadth of the network, each contributing to a structure that prioritizes liquidity and utility over short-term price movement.
While further confirmation from the involved companies would provide clearer insight into the operational scope of these treasuries, the alignment of names such as Evernorth, SBI, and Ripple in related filings continues to draw analytical focus.
Ripple Van Winkle concluded that the infrastructure supporting XRP’s institutional role is already in motion, suggesting that what is currently visible may represent only a fraction of a broader financial architecture being quietly established.