Evernorth Clears SEC Hurdle for Public XRP Treasury Listing

Evernorth Holdings has cleared a major regulatory hurdle in its path to becoming a publicly traded XRP treasury company. The SEC declared Evernorth's Form S-4 registration effective on August 27, 2026, clearing the way for a shareholder vote on September 30, 2026.

If approved, the combined company is expected to begin trading on Nasdaq under the ticker XRPN in late Q3 or early Q4 2026. The deal would also generate over $1 billion in gross proceeds, with major backers including Ripple, SBI Group, Pantera Capital, Kraken, and GSR.

Evernorth plans to launch a 473 million XRP treasury, making it the largest publicly traded XRP treasury vehicle if the merger is completed. The company's strategy includes actively using its XRP for lending, liquidity support, and other XRP-based activities designed to increase the amount of XRP backing each share over time.