TLDRUphold listed Evernorth stock on Oct. 20, letting eligible U.S. investors trade shares of the XRP treasury company.Evernorth started trading on Nasdaq on Oct. 12 after merging with Armada Acquisition Corp. II.The company held about 473 million XRP and raised about $300 million in gross cash proceeds at closing.Ripple, Kraken, Coinbase, and BitGo were named as initial partners for its treasury strategies.Uphold’s equities service offers fractional investments starting at $5.Uphold has added Evernorth Holdings Inc. stock to its platform, giving eligible U.S. investors a new way to gain exposure to XRP. The digital asset trading platform announced the listing on Oct. 20 in a post on X.Evernorth is a public company that accumulates and manages XRP. It entered public markets holding approximately 473 million XRP tokens.Buying Evernorth shares is different from owning XRP directly. Shareholders own part of a business, while direct XRP holders own tokens they can move to a personal wallet.The value of an Evernorth investment depends on more than the price of XRP. It also reflects the company’s financing decisions, operating performance, and treasury management.New stock listing: $XRPN@Evernorthxrp (XRPN), the public stock backed by a corporate XRP treasury, is now available to trade on Uphold. Check it out in the Uphold app Securities are offered via Uphold Securities Inc. in a fractional capacity and custodied by Apex Clearing… pic.twitter.com/XR7Z5tbFRb— Uphold (@UpholdInc) October 20, 2026Evernorth’s Path to NasdaqEvernorth began trading on Nasdaq on Oct. 12 after combining with Armada Acquisition Corp. II. Armada was a special purpose acquisition company, a business formed to take another company public through a merger.Armada shareholders approved the deal on Sept. 30. An administrative delay later pushed the transaction past its original schedule.The first plan called for an Oct. 7 closing and an Oct. 8 trading start. The revised timeline moved the closing to Oct. 9 and the first trading day to Oct. 12.When the merger closed, Evernorth held approximately 473 million XRP. It had also raised approximately $300 million in gross cash proceeds before transaction expenses.Backers included Arrington Capital, Pantera Capital, SBI Group, Ripple, Kraken, and GSR. SBI Group is a Japanese financial services company, while GSR is a cryptocurrency trading firm and liquidity provider.How Evernorth Plans to Use Its XRPOn Oct. 14, Evernorth named Ripple, Kraken, Coinbase, and BitGo as initial execution partners for institutional treasury strategies. The company said deployment was planned to begin in the fourth quarter.These partnership agreements still depend on customary closing conditions. They also require regulatory and corporate approvals.Evernorth aims to increase its XRP per share, which measures how much XRP the company holds compared to its outstanding shares. It plans to do this by buying more XRP and earning returns on its current holdings.Early activities would involve established financial and cryptocurrency firms. Evernorth’s investment and risk team would oversee this work.A later phase would put capital into decentralized finance applications, which use blockchain-based programs for lending and trading. Evernorth plans to launch these strategies on the XRP Ledger once validators, the servers that verify transactions, activate native lending features and they are proven on the live network.Uphold’s U.S. equities service requires separate onboarding from its crypto platform. It offers more than 4,000 U.S. stocks and exchange-traded funds, with fractional investments starting at $5.Users can buy shares with cash or with cryptocurrency converted into dollars. Uphold Securities Inc., a registered broker-dealer, offers the securities, while Apex Clearing Corp. holds them and settles trades.The post XRP Treasury Company Evernorth Now Available to Uphold Stock Investors appeared first on Blockonomi.