SBI Holdings Supercharges XRP — Building One of the World’s Largest Public Treasuries

SBI Holdings and Ripple Back Evernorth’s $1B XRP Treasury Initiative Tokyo-based SBI Holdings has announced a strategic $200 million investment in U.S.-based Evernorth Holdings through a PIPE (Private Investment in Public Equity) financing round, joining forces with Ripple Labs and other key investors. This move underscores SBI’s deepening commitment to advancing institutional adoption of the XRP digital asset on a global scale. Evernorth Holdings, founded to drive institutional adoption of XRP, is emerging as a key force in digital asset infrastructure. The company plans to list on Nasdaq under the ticker XRPN through a merger with Armada Acquisition Corp. II (SPAC). The listing and capital raise, projected to surpass $1 billion, position Evernorth among the largest and most pivotal crypto-related SPAC deals to date. According to the announcement , proceeds from the fundraising will be directed primarily toward purchasing XRP on the open market. The goal is to establish one of the world’s largest public XRP treasuries, a strategic reserve aimed at enhancing the token’s institutional utility and market stability. Beyond merely holding XRP, Evernorth plans to actively deploy its assets through institutional lending and Decentralized Finance (DeFi) platforms to generate additional yield and value growth. Therefore, this milestone marks a pivotal shift in the crypto landscape, underscoring the growing synergy between traditional finance and blockchain innovation. SBI’s $200 million investment showcases Japan’s progressive embrace of blockchain technology and reinforces its deep partnership with Ripple, a collaboration that continues to drive the evolution of XRP-powered cross-border payments. Additionally, Evernorth has pledged to have all financial reports independently audited by a leading global firm, reinforcing transparency, strengthening institutional trust, and setting a new benchmark for accountability in the digital asset sector. Therefore, SBI Holdings is actively shaping XRP’s future through strategic investments, deep Ripple partnerships, and accelerating real-world adoption in global payments. Conclusion SBI Holdings’ $200 million investment in Evernorth, backed by Ripple’s strategic support, marks a major leap toward institutional adoption of XRP. Through one of the world’s largest public XRP treasuries, Evernorth seeks to boost liquidity, stability, and real-world utility, bridging traditional finance with decentralized innovation. With audited transparency, a forthcoming Nasdaq listing, and a defined growth roadmap, the initiative positions XRP as a foundational asset in the next era of institutional crypto finance and global financial integration.