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Why are Ripple and SBI listed as backers of Evernorth?

Confirmed Published 1 min read

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Evernorth described itself as backed by Ripple, SBI and other investors, saying it is raising over $1 billion; a later release also lists Ripple and SBI Group among its investors without giving amounts.

The full answer

What did Evernorth press release; SPAC Insider podcast state?

On January 21, 2026, Evernorth press release; SPAC Insider podcast stated the following. Evernorth described itself as backed by Ripple, SBI and other investors, saying it is raising over $1 billion; a later release also lists Ripple and SBI Group among its investors without giving amounts. [1]

The source’s own words: “Evernorth is a digital asset treasury company backed by Ripple, SBI, Pantera Capital, Kraken, and GSR.” [1]

A second source, Evernorth press release; SPAC Insider podcast, says: “Evernorth’s investors include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR, among others.” [2]

A second source, U.S. Securities and Exchange Commission, says: “We’re fortunate to have strong supporters, including Ripple, SBI Holdings in Japan, Arrington Capital, Pantera, and others.” [3]

Where does this fit on the site?

For the wider picture, see What is Evernorth, who backs it, and how much XRP does it hold? and What does Evernorth’s Nasdaq listing change, and is it new buying of XRP?. Two related questions are How much is SBI Holdings investing in Evernorth alongside Ripple? and Why did Ripple sign a business combination agreement with Armada Acquisition Corp. II and Evernorth?

What we know

  • Evernorth described itself as backed by Ripple, SBI and other investors, saying it is raising over $1 billion; a later release also lists Ripple and SBI Group among its investors without giving amounts (Evernorth press release; SPAC Insider podcast, January 21, 2026).
  • Evernorth press release; SPAC Insider podcast states, in its own words: “Evernorth’s investors include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR, among others.” (August 27, 2026).
  • U.S. Securities and Exchange Commission states, in its own words: “We’re fortunate to have strong supporters, including Ripple, SBI Holdings in Japan, Arrington Capital, Pantera, and others.” (January 22, 2026).

In plain English

Evernorth described itself as backed by Ripple, SBI and other investors, saying it is raising over $1 billion; a later release also lists Ripple and SBI Group among its investors without giving amounts.

Sources

  1. Evernorth press release; SPAC Insider podcast (transcript filed as SEC Form 425) — Evernorth press release; SPAC Insider podcast, 2026-01-21 Primary
  2. Evernorth press release; SPAC Insider podcast (transcript filed as SEC Form 425) — Evernorth press release; SPAC Insider podcast, 2026-08-27 Primary
  3. Evernorth press release; SPAC Insider podcast (transcript filed as SEC Form 425) — U.S. Securities and Exchange Commission, 2026-01-22 Primary

Related breadcrumbs

Before thisWhat is Evernorth, who backs it, and how much XRP does it hold? Next on this TrailWhat does Evernorth's Nasdaq listing change, and is it new buying of XRP? Go deeperHow much is SBI Holdings investing in Evernorth alongside Ripple? The other sideWhy did Ripple sign a business combination agreement with Armada Acquisition Corp. II and Evernorth?

Update log

  • — Published.

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