This week, we speak with Asheesh Birla, CEO of Evernorth. Evernorth is a crypto treasury focused on XRP, a cryptocurrency used in decentralized finance and payments. It aims to power that endeavor through its business combination with Armada Acquisition Corp. II (NASDAQ: XRPN), announced in October. Crypto treasury deals were one of the major themes of 2025 SPAC dealflow, but they are far from being all the same.
Asheesh explains how the company plans to leverage its XRP holdings to generate yield over the long term. He discusses how XRP’s unique appeal in international markets presents a fresh opportunity for the crypto treasury model.
The interview underscores how crypto treasury strategies are evolving within the broader 2025 SPAC dealflow. It also highlights the growing emphasis on yield generation in digital assets.
Leave a Reply