Evernorth Unveils Open-Ended $1B XRP Accumulation and XRPN Nasdaq Debut

Published: 2025-11-12 14:28:25 |

Evernorth CEO Asheesh Birla has confirmed an open-ended XRP accumulation plan, with an initial $1 billion treasury serving as a starting milestone rather than a cap. The firm will employ active management strategies across traditional finance and DeFi to generate yield, which will be fully reinvested into XRP to maximize token holdings per share. Birla outlined plans to list Evernorth under the ticker XRPN on Nasdaq in Q1 2026, making institutional and retail exposure as simple as buying stock. Key backers include SBI, Ripple and Arrington Capital, which will help unlock Asian markets. The program leverages multiple market routes, enhanced liquidity and on-ledger DeFi protocols like Flare, with Ripple’s RLUSD stablecoin expected to facilitate seamless capital flows. Birla highlighted favorable regulatory developments such as the Genius Act and Clarity Act prospects, asserting that a well-regulated environment spurs innovation. With risk tools in place, Evernorth expects to support XRP accumulation through market cycles and sustain demand over the long term.

Bullish

Evernorth’s unlimited XRP accumulation strategy is bullish for the market. Open-ended institutional buying has historically driven strong price support—as seen with Grayscale’s Bitcoin Trust and MicroStrategy’s Bitcoin purchases. By reinvesting all yields into XRP and planning a Nasdaq-listed equity, Evernorth creates a continuous demand mechanism and boosts mainstream adoption. In the short term, the announcement may prompt immediate trading interest, tightening supply and underpinning upward price movements. Over the long term, the XRPN offering offers a regulated, transparent vehicle for institutional and retail investors, potentially broadening XRP’s investor base and enhancing market stability. Regulatory tailwinds like the Genius Act further reduce uncertainty, making sustained accumulation more attractive. Together, these factors signal a positive outlook for XRP’s price trajectory and market liquidity.