Evernorth Holdings, a Nasdaq-listed company trading under the ticker XRPN, has appointed Brad Garlinghouse, CEO of Ripple, as a strategic advisor. Stuart Alderoty, another Ripple executive, and David Schwartz, former Ripple CTO, are also joining the company as advisors. Evernorth, which raised over one billion dollars through a SPAC formation in October 2025, holds approximately 473 million XRP valued at $648 million. The company notably received $200 million from Japanese financial group SBI Holdings. It plans to deploy its XRP reserves for institutional strategies through partnerships with Ripple, Kraken, Coinbase and BitGo.
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