Evernorth’s Game-Changing XRP Treasury Strategy Crosses $1B Mark
The XRP Treasury Strategy by Evernorth Holdings — a company backed by Ripple Labs — is becoming a powerful new force in the crypto markets. The firm has accumulated more than $1 billion worth of XRP, demonstrating its mission to boost institutional adoption through a professionally managed XRP treasury product.
According to analytics platform CryptoQuant, Evernorth currently controls approximately 388.7 million XRP tokens. With XRP holding above $2.60, the company’s total holdings have soared beyond the billion-dollar milestone.
Additionally, CoinGecko data shows XRP jumped 8.6%, adding $13 billion in broader market capitalization — showcasing renewed confidence across the sector.
Nasdaq Listing Plans Could Put XRP on Wall Street
Evernorth is preparing to launch its public XRP Treasury vehicle on Nasdaq under the ticker XRPN, aligning crypto assets with traditional financial markets.
Leadership is now in the hands of Asheesh Birla — well-known technology executive and Ripple board member — who has taken over as CEO to drive this transition.
Evernorth is also advancing its merger with Armada Acquisition Corp II, expected to raise more than $1B in funding from global strategic partners, including:
Birla noted that XRP has finally achieved regulatory clarity in the United States — creating the ideal environment for mass adoption:
“Evernorth can be the trusted bridge to public markets.”
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Market Eyes XRP ETF – But SEC Delays Continue
Growing excitement in the market has fueled expectations for a U.S. spot XRP ETF.
However, the SEC continues to push back review timelines — made worse by the threat of a government shutdown.
Meanwhile, spot ETFs for assets like HBAR and Litecoin (LTC) are preparing to list on Nasdaq, raising concerns over whether XRP will enjoy similar approval — or remain stuck waiting in line.
