Evernorth: Building the World's Leading Institutional XRP Treasury at XRP Australia 2026

We're excited to announce Evernorth's attendance at XRP Australia 2026. As a first of its kind publicly traded digital asset treasury, Evernorth is building the world's leading institutional XRP treasury with over $1 billion in gross proceeds. Join us in welcoming CEO Asheesh Birla as our keynote speaker.

We're thrilled to announce that Evernorth will be attending XRP Australia 2026 in Sydney. Evernorth represents a groundbreaking approach to institutional XRP exposure, and their presence at our event marks a significant moment for the XRP ecosystem in the Asia-Pacific region. Secure your spot at XRP Australia 2026 to hear from Evernorth's leadership team.

As a first of its kind publicly traded digital asset treasury, Evernorth is building the world's leading institutional XRP treasury with over $1 billion in gross proceeds. This isn't just another investment vehicle, it's a strategic initiative designed to provide investors with simple, liquid, and transparent exposure to XRP while actively growing XRP per share through institutional lending, liquidity provisioning, and DeFi yield opportunities.

What Makes Evernorth Unique

Unlike passive ETFs, Evernorth takes an active approach to treasury management. The company seeks to grow XRP per share over time by participating in institutional lending, liquidity provisioning, and decentralised finance (DeFi) yield opportunities. This active management model is designed to generate returns for shareholders while supporting XRP's utility and adoption, creating what CEO Asheesh Birla describes as a "symbiotic model" that aligns with the growth of the XRP ecosystem.

XRP presents a compelling opportunity as one of the few digital assets with a recognised regulatory framework in the U.S. and a proven use case in powering global payments. With over a decade of uptime, deep liquidity, and a growing DeFi ecosystem, XRP is uniquely positioned for growth and broader institutional adoption. Evernorth's model is built to harness this moment, offering investors not only exposure to XRP's price but also the upside of active treasury growth and ecosystem participation.

Building a Massive XRP Treasury

Evernorth's commitment to building a substantial XRP treasury is already evident. The company has purchased and committed to over 473 million XRP since announcing its business combination with Armada Acquisition Corp II. This includes a recent purchase of 84.4 million XRP at an average price of $2.54 per XRP, demonstrating their conviction in XRP as what they describe as "the most important asset of the internet."

The transaction is expected to raise over $1 billion in gross proceeds, including $200 million from SBI and additional investments from Ripple, Rippleworks, and leading digital asset and fintech leaders including Pantera Capital, Kraken, and GSR. Net proceeds will primarily fund open market purchases of XRP to build the world's leading institutional XRP treasury, with a portion allocated to working capital, general corporate purposes, and transaction expenses.

Ecosystem Participation and Growth

Evernorth's strategy extends beyond simply accumulating XRP. The company plans to deploy resources toward advancing the XRP ecosystem more broadly, including:

• Validator Participation and Network Security: Operating XRP validators to strengthen the resilience and decentralisation of the ledger
• DeFi Integration: Leveraging Ripple's RLUSD stablecoin as an on ramp into XRP based decentralised finance, enabling yield opportunities and broader adoption of XRP as collateral
• Market Development: Providing liquidity and participating in projects that expand XRP's real world utility across payments, capital markets, and tokenised assets

This approach positions Evernorth not only as a treasury vehicle but as a long term catalyst for the adoption and institutionalisation of the XRP Ledger. Their strategy is designed to align with the growth of the XRP ecosystem while generating returns for shareholders.

Leadership with Deep XRP Expertise

Evernorth is led by a team with extensive experience at the intersection of digital assets and global payments. The leadership team brings together decades of combined experience in traditional financial services, crypto native innovation, and capital markets expertise.

We're excited to announce that Asheesh Birla, Chief Executive Officer of Evernorth, will be delivering a keynote address at XRP Australia 2026. Asheesh brings deep experience at the intersection of digital assets and global payments, having previously served as a senior executive at Ripple, where he was instrumental in building and scaling the company's cross border payments business into one of the most widely used blockchain based financial services platforms.

His background in both traditional financial services and crypto native innovation positions him perfectly to guide Evernorth as it becomes the leading institutional vehicle for XRP. Attendees at XRP Australia 2026 will have the opportunity to hear directly from Asheesh about Evernorth's vision, strategy, and the future of institutional XRP adoption.

Alongside Asheesh, Evernorth's leadership team includes Chief Financial Officer Matthew Frymier, Chief Operating Officer Meg Nakamura, Chief Legal Officer Jessica Jonas, and Chief Business Officer Sagar Shah, who together bring extensive capital markets and financial management expertise to the organisation.

Strategic Alignment with Ripple

While Evernorth maintains independent governance, Ripple serves as a strategic investor, and Ripple executives Brad Garlinghouse, Stuart Alderoty, and David Schwartz are expected to serve as strategic advisors. This relationship ensures alignment with the XRP ecosystem while maintaining operational independence.

As Brad Garlinghouse, CEO of Ripple, noted: "Ripple has long championed XRP for its utility as a global asset for the efficient settlement of payments around the world. Evernorth is deeply aligned with that mission, bringing more use cases, participation, and confidence to the XRP ecosystem."

Why This Matters for XRP Australia 2026

Evernorth's attendance at XRP Australia 2026 represents a significant milestone for the event and the broader XRP ecosystem. Their presence brings institutional credibility, strategic insights, and a clear demonstration of the growing maturity of XRP as an institutional asset class.

For attendees, this means access to:

• Institutional Perspectives: Insights into how major institutions are approaching XRP as an asset class
• Strategic Vision: Understanding of Evernorth's approach to active treasury management and ecosystem participation
• Market Intelligence: Analysis of XRP's position in the broader digital asset landscape
• Networking Opportunities: Direct access to Evernorth's leadership team and strategic partners

Looking Forward

The transaction between Evernorth and Armada Acquisition Corp II is expected to close in Q1 2026, subject to customary closing conditions and shareholder approvals. Upon closing, the combined company will operate under the Evernorth name and is expected to trade on Nasdaq under the ticker symbol "XRPN," subject to the satisfaction of the listing requirements.

This represents a significant step forward for XRP's presence in capital markets and demonstrates the growing recognition of XRP as a legitimate institutional asset. Evernorth's model of active treasury management, combined with ecosystem participation, positions it as a unique vehicle for investors seeking exposure to XRP's growth potential.

Join Us in Sydney

XRP Australia 2026 in Sydney will bring together the most innovative minds and forward thinking organisations shaping the future of blockchain adoption. With Evernorth's participation, we're creating an event that truly represents the evolution of XRP from a digital asset to an institutional grade treasury asset.

We're honored to have Evernorth as part of XRP Australia 2026 and look forward to the insights, connections, and opportunities that their presence will bring to our community. Whether you're an investor, developer, entrepreneur, or simply interested in the future of institutional blockchain adoption, Evernorth's keynote and participation will provide invaluable perspectives on the next phase of XRP's evolution. Don't miss out - get your tickets for XRP Australia 2026 now.

About Evernorth: Evernorth is a publicly traded digital asset treasury that provides investors with exposure to XRP through a regulated, liquid, and transparent structure. Unlike ETFs, Evernorth intends to actively grow its XRP per share through a mix of institutional and DeFi yield strategies, ecosystem participation, and capital markets activities. Learn more at evernorth.xyz.

About Wave of Innovation: We are a leading blockchain innovation summit dedicated to shaping the future of decentralised finance. Our events bring together thought leaders, developers, and entrepreneurs to explore the latest developments in Web3 technology and drive meaningful change in the financial services industry.