Evernorth eyes Nasdaq debut in Q1 2026, pitching a plug-and-play way for institutions to gain XRP exposure Evernorth CEO Ashish Birla told Nasdaq’s Live from MarketSite on Jan. 15 that the firm is preparing for a Q1 2026 initial public offering on Nasdaq, positioning the stock as a turnkey route for institutions to get exposure to XRP without building their own custody, compliance, and security infrastructure. Speaking with host Kristina Ayanian, Birla framed the planned listing as a response to what he called growing institutional readiness and an improving regulatory backdrop. “I’ve been waiting for this moment for a long time. I’ve been in blockchain since 2013,” he said. “The timing couldn’t be more perfect. We have the right kind of regulation. We have the right kind of administration and institutions are ready to adopt.” XRP treasury at the heart of the pitch Evernorth’s value proposition centers on an XRP-based treasury strategy. Birla described XRP as “the digital asset underpinning Evernorth’s digital asset treasury” and presented the company’s equity as a familiar, public-markets vehicle for investors who prefer buying stock to managing tokens directly. “Prior to Evernorth … you would have to custody digital assets on your own. You would have to worry about compliance. You’d have to worry about security,” he said. “But a large lion’s share just wants to buy a public stock. So we made it as easy as buying a public stock. And we’ll figure that stuff out for you.” Birla even dubbed the planned ticker identity—referring to “XRPN as the Evernorth stock”—encouraging investors to “just buy the stock … and we’ll take care of all that heavy lifting for you.” More than spot exposure: yield and active management Beyond simple spot exposure to XRP, Evernorth plans to pursue yield generation and active treasury management. Birla said the company expects to “be generating yield as well on the XRP asset,” recycling returns to buy more XRP for the treasury and actively participating in product development on-chain. “We’ll use [it] to go and buy more of the digital asset for the treasury. So we’ll be actively out there,” he said, adding that Evernorth aims to “help develop that XRP ecosystem, help bring financial products to the blockchain.” Scale and stewardship, not passive holding When asked what separates durable “digital asset treasury” strategies from others, Birla highlighted two requirements: scale and active stewardship. “One, you have to have scale. And Evernorth as of today is by far the largest XRP digital asset treasury out there,” he said. “They can’t be passive. They have to be active stewards of helping the ecosystem flourish and develop.” A timely move amid ETF momentum Birla tied the timing of Evernorth’s public-market push to what he described as surging demand for regulated XRP exposure—pointing to recent interest in XRP ETFs as evidence. “That shows that there is the demand from the public markets to gain exposure to XRP,” he said, adding that Evernorth intends to “go beyond simple spot exposure by supporting the broader ecosystem.” Social reaction to the announcement spilled onto X (Twitter), where observers framed the planned IPO as a significant on-ramp for institutional XRP access. One post summarized the pitch as “unlocking institutional XRP exposure like buying any public stock. No more custody hassles, just seamless access to XRP.” For institutions, the ask is simple Birla’s message to prospective institutional and public-market buyers was direct: with regulation and products increasingly in place, capital access remains the final piece. “You’ve got regulation, you’ve got the products, and now you’ve got institutional capital,” he said. “I think timing is right to adopt blockchain for financial products.” Market snapshot At press time, XRP traded at $2.07. Read more AI-generated news on: undefined/news

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