SBI Group has invested $200 million in the Evernorth XRP treasury initiative, which aims to establish the world's largest XRP treasury. The venture has successfully raised $1 billion, with participation from Ripple and other significant investors. Evernorth plans to merge with Armada Acquisition Corp II, with the merger expected to conclude in Q1 2026. The combined entity will be listed on Nasdaq under the ticker XRPN.