Evernorth

Evernorth Holdings filed an amended SEC statement advancing its planned merger with SPAC Armada Acquisition Corp II and has nominated Ripple Chief Legal Officer Stuart Alderoty to its board.

Evernorth is readying native XRP lending on the XRP Ledger while validators assess the XLS-66 amendment that would permit on-chain loans; the firm estimates the program could add up to $100 billion in lending capacity. Validator approval and regulatory clarity will shape the timeline and uptake.

Evernorth filed an S-4 with the SEC to advance a $1 billion XRP treasury program, detailing capital commitments, governance, and strategic deployment plans. The move represents a notable corporate allocation to XRP and could influence market demand and oversight.

Evernorth filed a Form S-4 with the SEC on March 19, 2026, advancing its planned SPAC merger and Nasdaq listing. The move is a key regulatory step that could unlock liquidity and public-market access tied to XRP treasury holdings.

Evernorth flagged a newly disclosed $152 million XRP holding by Goldman Sachs in its Q4 2025 filing, a notable sign of institutional exposure to XRP. The disclosure may support liquidity and market confidence for the token.

Evernorth, an XRP treasury firm managing about $1 billion in assets, announced in a Jan. 6 tweet that Ripple’s CEO has joined its leadership team as a strategic advisor. The appointment links a major XRP issuer with a large institutional treasury holder.