Evernorth, which is supported by Ripple, will begin trading on NASDAQ on October 12, 2026, under the stock code XRPN.
The company holds approximately 473 million XRP and has raised over $1 billion in funds.
The company plans to invest in use cases related to XRP and aims to increase the number of XRP holdings per share over time.
Supported by Ripple, Evernorth officially listed on NASDAQ today with the stock code XRPN. It incorporates 473 million XRP into a listed company system. With the support of over $1 billion in funds, this listing provides investors with a new way to obtain XRP exposure through the stock market.
Will the listing of XRPN drive up the price of XRP? Currently, the trading price of XRP is close to $1.40.
Evernorth's XRPN starts trading today.
Evernorth has completed the business merger with the special purpose acquisition company Armada Acquisition Corp. II, clearing the way for its listing on NASDAQ. As part of the transaction, the company also raised approximately $300 million in cash.
The company's shares are expected to start trading on October 12, 2026, under the code XRPN. Evernorth was originally scheduled to go public on October 8, but due to administrative issues, the trading completion process has been postponed.
With a reserve of approximately 473 million XRP, Evernorth aims to become the listed company with the largest reserve of XRP.
Evernorth plans to use its 473 million XRP
Evernorth indicates that there are currently 473 million XRP tokens within a listed company, and the focus of this company is to invest this capital in the practical applications within the XRP ecosystem.
The company plans to invest in use cases that can enhance the practicality of XRP and to pursue a strategy aimed at increasing the number of XRP per share over time. The company will also report its related activities to shareholders in accordance with the governance and information disclosure requirements stipulated for NASDAQ listings.
Evernorth is scheduled to ring the NASDAQ closing bell on October 14th, two days after its anticipated listing date.
How to trade Evernorth ( XRPN ) on NASDAQ
The trading method of XRPN is the same as that of ordinary stocks; therefore, there is no need for an encrypted exchange account or a digital wallet.
- Select a Broker: Log in to a broker account that supports NASDAQ trading.
- Search for XRPN: Enter the stock code XRPN on the brokerage trading platform.
- Select order type: A market order will buy or sell at the best available price at that time; a limit order allows you to set the price you are willing to pay or accept. Limit orders help manage the risk of sudden price fluctuations.
- Place an order: Check the order details and confirm the transaction. Especially when starting a trade, it is important to pay attention to the stock price and trading volume, as the price can change rapidly.
Will the listing of XRPN today push up XRP?
On the occasion of its listing on NASDAQ, Evernorth, XRP is facing price pressure. The token has fallen by about 7.3% in the past week and is currently trading at nearly $1.40, with selling pressure still present around the $1.60 level.
However, US spot XRP ETF recorded a net inflow of $11.31 million from October 5th to 9th. Among them, Bitwise led the week's capital inflows with $10.55 million.
The report suggests that the listing of Evernorth may enhance the channels for institutional investors to access investments related to XRP. The impact will depend on investor demand, as well as how the company deploys its holdings.
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