Top 5 XRP Digital Asset Treasuries (DATS) and Investors AllinCrypto October 21, 2025
As institutional adoption of crypto accelerates, Ripple’s XRP token has gained popularity aomong insitional investors and retail for it’s financial use cases an cross-border settlements.
Throuhout 2025, XRP is increasingly being held by corporations and digial asset funds as a strategic reserve asset.
XRP-focused treasury companies are on the rise, providing institutions with compliant exposure to the token while boosting growth of the XRP Ledger’s wider ecosystem.
Let’s dive into the top 5 XRP digital asset treasury (DATS) companies (DATS) bringing liquidity and adoption to the ecosystem.
1. Evernorth Holdings
Evernorth Holdings recently announced a $1 billion SPAC merger with Armada Acquisition Corp II. The merger is set to create the market’s first large-scale institutional XRP treasury.
Backed by major investors such as SBI Holdings, Ripple, Pantera Capital and Kraken, Evernorth plans to acquire XRP directly from the open market to create a large-scale treasury.
Evernorth plans to grow its XRP holdings through liquidity strategies, lending, and DeFi yieds, offering investors dynamic exposure to the XRP token.
The company also intends to operate XRP validators and leverage Ripple’s RLUSD stablecoin for DeFi on-ramps. Evernorth is due to begin trading on Nasdaq in 2026 as $XRPN.
2. SBI Holdings XRP Treasury Division
SBI Holdings, one of Japan’s largest financial firms and a long-time Ripple partner, owns a substantial ammoun of XRP in a treasury through via SBI VC Trade.
SBI plans to integrate XRP into its digital asset portfolio and payment systems, providing liquidity for remittances and tokenized markets in the region.
The company has also launched XRP-based lending and yield services, allowing clients to earn returns on their XRP holdings.
3. Ripple Labs Reserve
Ripple Labs currently holds one of the largest XRP treasuries and is using it to support On-Demand Liquidity, institutional partnerships, and grants for ecosystem growth.
Ripple manages its XRP holdings as transparently as possible using monthly escrow releases, ensuring predictability and stability.
In addition to powering payment flows across networks, Ripple’s treasury supports initiatives in tokenization, stablecoins, and enterprise liquidity.
4. GSR Markets XRP Liquidity Desk
GSR Markets, a global digital asset liquidity provider, operates one of the largest institutional XRP trading and treasury desks and is supporting Evernorth’s XRP treasury venture.
GSR can manage XRP inventories for high-frequency trading and derivative products across multiple exchanges.
Its integration with Ripple’s payment partners ensures continuous on-chain liquidity, making GSR a cornerstone of XRP’s global liquidity infrastructure.
5. Pantera Capital
Pantera Capital, one of the first institutional investors in XRP, has significant XRP exposure through Evernorth.
Pantera is able to introduce accredited investors with access to XRP’s, including its utility in payments and decentralized finance.
The Future of Institutional XRP Treasuries
WeBus International, VivoPower, Trident Digital and Wellgistics Health have all made public plans to create an XRP treasury but as of yet, those treasuries are not live.
WeBus annoced plans to launch a $300 million XRP treasury in 2025. Trident Digital plans for $500M while Vivopower $100M. With Evernorth set to launch in 2026, these firms may soon annouce their next steps.
Ripple’s Internet of Value vision is slowly unfolding as institonal firms gather XRP tokens and plan to form some of the largest altcoin treasuries outside of Ethereum.
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