Evernorth CEO Ashish Birla stated the agency is getting ready for a Q1 2026 IPO on Nasdaq, pitching the itemizing as a simplified, public-markets route for establishments to achieve publicity to XRP with out constructing the custody, compliance, and safety stack themselves.
Talking on Nasdaq’s Stay from MarketSite on Jan. 15 with host Kristina Ayanian, Birla framed the deliberate providing as a response to what he described as rising institutional readiness and a shifting regulatory backdrop. Ayanian stated: “Evernorth is gearing up for a Q1 2026 IPO.”
Birla responded: “I’ve been ready for this second for a very long time. I’ve been in blockchain since 2013,” Birla stated. “The timing couldn’t be extra excellent. We have now the proper of regulation. We have now the proper of administration and establishments are able to undertake.”
XRP Will get A Wall Avenue Wrapper
On the heart of Evernorth’s pitch is the XRP treasury technique, which Birla described as “the digital asset underpinning Evernorth’s digital asset treasury.” In Birla’s telling, Evernorth’s fairness is supposed to operate as an publicity automobile for buyers preferring conventional market rails over direct token custody.
“Previous to Evernorth … you would need to go in, you already know, custody digital belongings by yourself. You would need to fear about compliance. You’d have to fret about safety,” he stated. “However a big lion’s share simply desires to purchase a public inventory. So we made it as straightforward as shopping for a public inventory. And we’ll determine that stuff out for you.”
Birla additionally steered Evernorth intends to model that publicity explicitly by means of its inventory id, referring to “XRPN because the Evernorth inventory,” and repeating that the proposition is to “simply purchase the inventory … and we’ll maintain all that heavy lifting for you.” For buyers, the worth proposition is much less about novel monetary engineering than operational outsourcing: Evernorth claims it could bundle custody, compliance, and blockchain participation behind a public fairness wrapper.
The manager tied the timing of Evernorth’s public-market push to what he described as rising demand for regulated publicity. Requested about “XRP ETFs … making an enormous splash,” Birla stated the class had seen “a document breaking previous few weeks,” arguing that it signaled urge for food from conventional buyers. “That exhibits that there’s the demand from the general public markets to achieve publicity to XRP,” he stated, including that Evernorth intends to transcend easy spot publicity by supporting the broader ecosystem.
That “past” hinges on yield era and lively treasury administration. Birla stated Evernorth expects to “be producing yield as properly on the XRP asset,” and that the proceeds can be recycled into the treasury: “We’ll use [it] to go and purchase extra of the digital asset for the treasury. So we’ll be actively on the market.” He positioned the corporate as an lively participant in product growth on-chain, saying Evernorth will “assist develop that XRP ecosystem, assist deliver monetary merchandise to the blockchain.”
Pressed on what separates sturdy “digital asset treasury” methods from the remaining, Birla emphasised scale and exercise. “One, you must have scale. And Evernorth as of right now is by far the biggest XRP digital asset treasury on the market,” he stated. The second criterion, he argued, is avoiding a purely passive posture. “They’ll’t be passive. They should be lively stewards of serving to the ecosystem flourish and develop,” Birla stated, including that he plans to proceed “serving to the XRP ecosystem develop” and that Evernorth might “generate yield for the for the treasury as properly.”
Huge transfer for XRP! @evernorthxrp CEO @ashgoblue on @NasdaqExchange sharing particulars on their Q1 2026 IPO – unlocking institutional XRP publicity like shopping for any public inventory. No extra custody hassles, simply seamless entry to XRP.
https://t.co/Z7F4uTyH5g— Leonidas (@LeoHadjiloizou) January 15, 2026
For potential institutional consumers and public-market buyers, the message was blunt: the corporate sees the final lacking piece as capital entry, and it’s constructing a listed automobile round it. “You’ve received regulation, you’ve received the merchandise, and now you’ve received institutional capital,” Birla stated. “I believe timing is correct to undertake blockchain for monetary merchandise.”
At press time, XRP traded at $2.07.
Featured picture created with DALL.E, chart from TradingView.com
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