gumi joins SBI Holdings as Investor in Evernorth, an XRP Treasury Business
gumi has invested in a PIPE (Private Investment in Public Equity) financing for Evernorth, a U.S.-based company, alongside SBI Holdings, gumi Group's largest major shareholder and capital and business partner, Ripple Labs, and other investors.
Evernorth is a company established to promote the adoption of the crypto asset XRP at an institutional scale. The company plans to list on the U.S. Nasdaq market with the ticker XRPN through a business combination with Armada Acquisition Corp. II, a special purpose acquisition company, and is expected to raise a total of over USD 1 billion. The investment from gumi will be USD 5 million.
The proceeds will be used primarily to purchase XRP on the open market to build one of the world's largest public XRP treasuries. This treasury aims to continuously increase its asset value not only by holding XRP, but also by actively utilizing institutional lending and Decentralized Finance (DeFi). Furthermore, all financial reporting will be independently audited by a major audit firm, designed to ensure a high level of transparency and governance.
XRP is one of the few digital assets with a clarifying regulatory framework in the U.S. and a proven use case in global payments. This transaction will provide a simple and highly liquid investment opportunity in XRP through the reliable framework of a regulated, audited, and publicly listed company. gumi believes Evernorth’s approach—which seeks returns not just through market, but by participating in the growth of the entire XRP Ledger ecosystem through activities such as operating XRP Ledger validators—is extremely significant for accelerating the further adoption of XRP by institutional investors.
gumi positions XRP as a medium- to long-term growth asset, having decided in August 2025 to acquire JPY 2.5 billion worth of XRP. In October 2025, after raising funds through the issuance of stock acquisition rights, gumi decided to acquire additional XRP. XRP is an asset that plays a pivotal role in the international remittance and liquidity network strategy that SBI Holdings is driving at its core. It also offers exceptionally high strategic affinity with gumi, of which SBI Holdings is the largest shareholder. Through this investment in Evernorth, gumi aims to contribute to the development of the XRP ecosystem and further expand revenue opportunities for gumi Group.
Norbert Gehrke
