Evernorth Clears SEC Hurdle for $1 Billion XRP Treasury Listing

Evernorth Holdings has cleared a major hurdle in its bid to become a publicly traded XRP treasury company. The Securities and Exchange Commission (SEC) declared its Form S-4 registration effective on August 27, 2026, paving the way for its planned listing on the Nasdaq exchange.

The move brings Evernorth closer to launching a $1 billion XRP treasury, which would give investors a new way to gain exposure to the digital asset. The SEC's approval is seen as a significant step forward for Ripple-backed firms looking to tap into the growing demand for XRP-based investment products.