- Several Wall Street institutions have disclosed millions of dollars in XRP ETF investments, with Goldman Sachs accounting for $87.45 million in exposure.
- The latest developments in the XRP ecosystem were reinforced by Ripple Prime’s launch of Delta One Business, Evernorth’s tease about an incoming major announcement, and SettleMint’s strategic partnership with Ripple Custody.
The XRP ecosystem continues to rack up massive credentials quietly. Second-quarter filings show that major institutions have been building exposure to the asset through related exchange-traded funds (ETFs).
Wall Street Giants Raise XRP ETF Exposure
On Tuesday, James Seyffart, Senior Research Analyst at Bloomberg Intelligence, claimed that XRP ETF flows have been “surprisingly resilient.” He revealed that these investment instruments have already raised around $1.8 billion in cumulative net inflows.
Additionally, the senior analyst said that money in the aggregate has mostly moved in a single direction across XRP ETFs since their launch in late 2025. The trend suggests consistent accumulation across market participants.
Interestingly, the second-quarter inflows were driven by Wall Street giants. Seyffart revealed that several institutions, led by the Goldman Sachs Group, have substantial exposure to XRP ETFs.
The leading global investment banking and management firm topped the Bloomberg official’s list, disclosing roughly $87.45 million in XRP ETF exposure. Jane Street trailed the group in far-second place with around $16.64 million exposure, followed by Millennium Management’s $16.2 million. Intesa Sanpaolo, one of Europe’s top banking groups, had $14.42 million at stake in the fund.
Ripple Launches Delta One Business
Major institutions’ confidence in XRP is not without merit. Beyond the XRP Ledger’s utility in cross-border payments, real-world asset (RWA) tokenization, and Decentralized Physical Infrastructure Networks (DePINs), institutions supporting its ecosystem have been making significant strides.
During the final week of August, Ripple Prime, Ripple’s multi-asset brokerage platform, unveiled Delta One Business. It enables clients to execute total return swaps (TRS) across US-listed equities, indices, and digital assets.
Moreover, Ripple tailored it to scale with diverse investment portfolios, risk mitigation measures, and reporting guidelines for hedge funds, asset managers, and institutions from both traditional finance (TradFi) and onchain finance. Unlike incumbent delta one trading desks, Ripple Prime’s platform focuses on clearing and financing flows.
Evernorth Teases a Major Announcement
Meanwhile, Evernorth, a leading XRP-focused digital asset treasury (DAT) company, recently teased a major announcement about “someone new” joining its ranks. It came with a 10-second clip showing a silhouette of what appears to be a bear with a crown. Asheesh Biria, the company’s CEO, also shared the tease excitedly but was tight-lipped about the details.
“I can’t say more yet,” said Biria. “But I like where this is going.”
Evernorth notably prepares to go public after a business combination with Armada Acquisition Corp. II. There’s no exact timeline yet for its Initial Public Offering (IPO), though.
SettleMint Partners with Ripple
Further boosting excitement around XRP was SettleMint’s strategic partnership with Ripple. The company is a production-grade digital asset lifecycle management company for regulated financial markets and sovereign use cases. Like Ripple, it is partnered with the prestigious World Economic Forum (WEF), an international non-governmental organization for public-private cooperation that brings together political, business, and civil society leaders.
The collaboration combines the capabilities of SettleMint’s DALP (Digital Asset Lifecycle Platform) and Ripple Custody to give financial institutions access to a unified solution for custody, issuance, and management of tokenized assets across their full lifecycle.
