Evernorth Clears SEC Hurdle for $1B XRP Treasury on Nasdaq
Evernorth Holdings has cleared a significant regulatory hurdle in its pursuit of becoming a publicly traded XRP treasury company. On August 27, 2026, the SEC declared the company's Form S-4 registration effective, paving the way for a potential listing on the Nasdaq exchange.
The planned $1 billion XRP treasury will provide investors with a new avenue to gain exposure to XRP, a move that is likely to be closely watched by fans of the cryptocurrency. Evernorth Holdings has been working towards this goal in partnership with Ripple, and the SEC's approval marks a major milestone in its journey.
The company's plans involve launching a 473M XRP treasury on Nasdaq, which will offer investors a unique opportunity to participate in the growing demand for XRP. With the SEC clearance now in place, Evernorth Holdings is one step closer to making this vision a reality.