Evernorth taps Ripple CEO Brad Garlinghouse as strategic advisor

Evernorth Holdings has brought Ripple CEO Brad Garlinghouse on board as a strategic advisor. The Nasdaq-listed company, which trades under the ticker XRPN, has built its entire business around holding XRP. Garlinghouse is not arriving alone. Ripple executive Stuart Alderoty and former Ripple CTO David Schwartz are also joining in advisory roles. Who’s joining and why it matters The appointments were made public in January 2026. According to the company, the advisors are meant to keep Evernorth closely aligned with the broader XRP ecosystem while maintaining Evernorth’s operational autonomy. The treasury behind the ticker Evernorth came together through a business combination with Armada Acquisition Corp. II, a special purpose acquisition company. The deal was formed in October 2025. Through that process, Evernorth raised over $1 billion. Of that total, $200 million came from Japanese financial group SBI Holdings. The company holds approximately 473 million XRP on its balance sheet. Those holdings were valued at approximately $648 million at the time that figure was reported. Evernorth’s playbook has a few parts. It buys XRP on the open market, aims to generate yield through institu...