Evernorth launches Japanese arm with SBI backing ahead of $1 B Nasdaq IPO

Evernorth, a digital‑asset treasury company, announced the launch of a Japanese‑language presence and a dedicated Japanese arm. The new @evernorth_jp account will provide market analysis and information on XRP without discussing price forecasts.

The expansion is supported by a $200 million anchor investment from Japan’s SBI Holdings, which already has deep ties to Ripple’s XRP ecosystem. Evernorth’s plan includes raising more than $1 billion through a merger with Armada Acquisition Corp. II and listing on Nasdaq under the ticker XRPN, creating one of the world’s largest publicly managed XRP treasuries.

By entering Japan—a market that early embraced XRP and hosts a regulated ecosystem through SBI—Evernorth aims to strengthen institutional adoption of the token and build practical use cases outside the United States regulatory environment.