Japanese financial giant SBI has invested $200 million in XRP treasury company Evernorth, acquiring nearly 20% of its shares. This significant investment follows Evernorth's $1 billion SPAC merger with Armada Acquisition Corp II, which is supported by Ripple, Pantera, and Kraken. The announcement coincides with Canary Capital's upcoming launch of a pure-play 33 Act ETF composed entirely of XRP, set to debut on Nasdaq on November 13, 2025. Following the news, XRP's price increased by 5% to $2.52, with trading volume surging 44% to $5.9 billion.