Evernorth CEO Ashish Birla said the company is preparing for a Q1 2026 IPO on Nasdaq, positioning the listing as a simplified, public market route for institutions to gain exposure to XRP without having to build their own custodial, regulatory, and security stacks.
Speaking on Nasdaq’s Live from MarketSite on Jan. 15 with host Kristina Ayanian, Birla positioned the planned offering as a response to what he described as growing institutional readiness and a changing regulatory landscape. Ayanian said: “Evernorth is preparing for an IPO for Q1 2026.”
Birla replied: “I have been waiting for this moment for a long time. I have been in blockchain since 2013,” said Birla. “The timing couldn’t be better. We have the right kind of control. We have the right kind of management and the institutions are ready to use it.”
XRP Gets A Wall Street Wrapper
At the center of Evernorth is the XRP treasury strategy, which Birla described as “the digital asset that underpins Evernorth’s digital treasury.” According to Birla, Evernorth’s equity is intended to serve as an exposure vehicle for investors who prefer traditional market rails over direct token holdings.
“Before Evernorth … you had to go in, you know, hold digital assets on your own. You’d have to worry about compliance. You’d have to worry about security,” he said. “But the lion’s share of people just want to buy public stock. So we’ve made it as easy as buying public stock. And we’re going to get that for you.”
Birla also suggested that Evernorth intends to tokenize that exposure through its own stock ownership, referring to “XRPN as Evernorth stock,” and reiterating that the proposition is “just buy the stock … For investors, the value proposition is less about new financial engineering than outsourcing: Evernorth says it can package storage, regulatory compliance, and blockchain participation after wrapping public equity.
The executive linked the timing of Evernorth’s public market push to what he described as increased demand for regulated disclosures. Asked about “XRP ETFs … doing big,” Birla said the sector has seen “record-breaking gains in the last few weeks,” arguing that it reflects appetite from traditional investors. “That shows that there is demand from the public markets to get exposure to XRP,” he said, adding that Evernorth aims to bypass exposure easily by supporting a broader ecosystem.
That “beyond” depends on yield generation and effective wealth management. Birla said that Evernorth expects to “re-produce XRP assets,” and that the proceeds will be returned to the treasury: “We will use [it] to buy another digital asset from the treasury. So we will be busy there.” He positioned the company as an active participant in product development on the chain, saying that Evernorth “will help develop that XRP ecosystem, help bring financial products to the blockchain.”
Pressed on what differentiates long-term “digital asset treasury” strategies from others, Birla emphasized quality and function. “Also, you have to have scale. And Evernorth as of today is the largest XRP digital asset treasury,” he said. The second condition, he said, is to avoid a state of inaction. “They can’t do nothing. They have to be active managers in helping the ecosystem thrive and develop,” Birla said, adding that he plans to continue “helping the XRP ecosystem to develop” and that Evernorth could “generate profits for the treasury as well.”
Big move for XRP! @evernorthxrp CEO @ashgoblue to @NasdaqExchange sharing details on their Q1 2026 IPO – opening institutional XRP exposure like buying any public stock. No more storage issues, just seamless access to XRP.
— Leonidas (@LeoHadjiloizou) January 15, 2026
To potential institutional buyers and public market investors, the message was not clear: the company sees the last missing piece as access to capital, and is building a listed vehicle around it. “You have regulations, you have products, and now you have institutional capital,” Birla said. “I think the time is right to use blockchain for financial products.”
At press time, XRP traded at $2.07.
The featured image was created with DALL.E, a chart from TradingView.com
Planning process because bitcoinist focuses on delivering well-researched, accurate, and unbiased content. We maintain strict sourcing standards, and each page is diligently reviewed by our team of senior technical experts and experienced editors. This process ensures the integrity, relevance, and value of our content to our readers.
