Evernorth clears SEC hurdle as XRP-focused Nasdaq listing moves closer

Evernorth Holdings announced that the Securities and Exchange Commission (SEC) has made effective its registration statement, bringing the XRP-focused firm one step closer to its Nasdaq listing as crypto assets come under even more scrutiny in the public investment markets.

This development opens up another potential regulated option for people wanting to gain access to XRP, as well as serves as a litmus test for the ability of digital asset treasury companies or DATs to withstand a sharp downturn in the market.

Evernorth issued its announcement at 5:04 p.m. ET on August 27, 2026. By 10:30 p.m. EDT that day, when The Block published its report, XRP was trading at $1.46, up 4% over 24 hours, with a market capitalization of about $91.6 billion.

A regulated wrapper for XRP exposure

Evernorth is seeking to position itself as a public market option for institutional investors interested in having exposure to XRP without having to invest in XRP directly. Furthermore, it intends to invest in XRP infrastructure and employ treasury methods intended to increase XRP holdings on a per-share basis.

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