Anodos makes XRP its cross-chain treasury north star

Anodos Finance has been using XRP for treasury holdings, payroll and reserves since 2023, moving the token across multiple networks including the XRP Ledger, Solana and Flare, CEO Panos Mekras wrote in a May 31 post.

The firm began accumulating XRP in 2023 and uses the asset for internal payments and reserves. Transactions are executed across XRPL, Solana and Flare rather than on a single ledger, reflecting a treasury approach built on cross-chain access.

Mekras described XRP as the company’s “north star” for treasury, payments and liquidity. He wrote: “XRP will always be our north star. Proven with actions. We have been buying XRP for our treasury, holding, paying our team since 2023. Whether that’s XRPL, Solana, Flare or another chain, XRP is everywhere and it’s how we connect the best chains to get the best of every world.”

The company highlighted differences in execution across networks. Mekras pointed to a pricing example in which a $100,000 purchase of XRP on Solana could yield more tokens than the same buy on XRPL, a discrepancy he attributed to variations in liquidity depth and trade routing on each chain.

Mekras argued that XRP’s market position and liquidity support its use across products and institutions. He noted the asset’s availability on multiple networks creates opportunities to use or earn XRP in different ways and gives treasury teams options without relying on a single blockchain’s liquidity profile.

Ripple, the company closely associated with XRP, has emphasized the XRP Ledger’s speed, low transaction costs and long transaction history as advantages for payments and institutional use. Mekras’ description of XRP as a connector across chains aligns with that broader framing.

Anodos’ practice joins a limited group of firms that hold and use liquid digital assets operationally as treasury instruments. The company said cross-chain tools and differing liquidity sources can affect pricing and execution for larger trades, which is a factor for teams managing operational treasuries.