TLDR
- Ripple will lock 126,791,458 XRP tokens and exchange them for shares in Evernorth Holdings.
- The transaction, valued at approximately $305 million, will reduce the circulating supply of XRP.
- Ripple’s strategic use of XRP for equity deals aims to strengthen corporate and institutional partnerships.
- XRP community members believe the reduction in supply could drive long-term price growth.
- Ripple has previously used XRP in similar investments, including stakes in Tranglo and GTreasury.
Ripple has disclosed in a recent SEC filing that it will hand over 126,791,458 XRP tokens, currently valued at $305 million, to be locked and exchanged for shares in Evernorth Holdings. This move, part of Ripple’s investment in the Evernorth–Armada Acquisition Corp. II merger, highlights the company’s strategy to use XRP for strategic partnerships. Ripple’s approach aims to reduce the circulating supply of XRP while strengthening relationships with key institutional players.
XRP to Be Locked in Exchange for Evernorth Shares
Ripple’s recent SEC filing reveals that it will lock up over 126 million XRP tokens. These tokens will be exchanged for shares in Evernorth as part of Ripple’s investment. By doing so, Ripple is reducing the circulating supply of XRP, an action that could influence its long-term price. The filing highlights Ripple’s continuing effort to integrate XRP into corporate and institutional partnerships.
The transaction marks a key step in Ripple’s long-term strategy to utilize XRP beyond just cross-border payments. Ripple is actively seeking to leverage XRP in tokenized equity deals with large institutions. This move further solidifies Ripple’s position as a key player in global financial markets.
Ripple will be handing over 126,791,458 XRP to be locked up and traded for company shares.
I hope you realize, this is going to continue with other companies… AND governments.
Until its gone. Forever. https://t.co/FiU2OuuSQM pic.twitter.com/dxmMfY224i
— Chad Steingraber (@ChadSteingraber) October 22, 2025
Chad Steingraber, a notable figure in the XRP community, has pointed out that this trend may be just the beginning. He believes Ripple is likely to continue exchanging XRP for equity with other companies and even governments. “This could create a supply shock,” Steingraber stated, speculating that XRP’s limited supply may impact its price.
Ripple’s Strategic Use of XRP in Corporate Partnerships
Ripple has a history of using XRP for investments, including its stake in Tranglo and other fintech ventures. These efforts have helped expand the XRP Ledger’s role in cross-border payments and treasury management. Ripple’s chairman also pledged 50 million XRP as an investment in Evernorth, showing the company’s commitment to strengthening its partnerships.
Ripple’s increasing use of XRP in such deals aligns with its goal of embedding XRP as a core asset in global value exchange. The recent partnership with GTreasury further underscores Ripple’s focus on enterprise liquidity solutions. XRP plays a key role in facilitating treasury management, settlement, and tokenized asset transactions.
The move to lock XRP and convert it into shares also aligns with Ripple’s broader goal to decrease XRP’s availability in the market. As more partnerships emerge, the available supply of XRP may diminish significantly. This potential decrease in supply could create long-term bullish sentiment within the XRP community.
Impact of XRP’s Diminishing Supply on Long-Term Value
XRP enthusiasts see the reduction in circulating supply as a potential driver for price appreciation. With Ripple’s strategic investments, more XRP may be locked away in corporate partnerships and tokenized equity deals. As more companies and government entities use XRP for treasury management and other purposes, the available supply will likely tighten further.
The reduction in XRP’s public supply could spark a deflationary trend, which many investors believe will have a positive effect on XRP’s price. As the demand for XRP increases from various sectors, the limited supply could create upward pressure on its value.
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