XRP Treasury Firm Evernorth Strengthens Board With Four New Directors, Includes Ripple CLO

World’s largest XRP treasury firm Evernorth is accelerating toward its planned U.S. public listing, announcing the appointment of four high-profile directors to its board. 

With this move, the company strengthens its leadership structure while reinforcing its ambition to operate at the intersection of traditional finance and blockchain infrastructure. The appointed board members bring expertise across crypto regulation, accounting, institutional investing, and digital asset operations. 

Key Points 

• Evernorth has appointed four high-profile directors to its board, strengthening its leadership ahead of a public listing in the U.S.
• New appointees include Stuart Alderoty and former Twitter executive Robert Kaiden.
• They will serve alongside CEO Asheesh Birla, forming a more robust and balanced board structure.
• Evernorth has filed an S-4 registration statement with the SEC as part of its ongoing listing process.

Biggest XRP Treasury Firm Appoints Four Directors as Board Members

According to the announcement, Evernorth will add four new directors upon completing its business combination with Armada Acquisition Corp. II. This step marks a key milestone as the company prepares for its anticipated listing on Nasdaq. 

The first director on the list is Stuart Alderoty, Ripple’s Chief Legal Officer (CLO). He brings extensive regulatory and legal expertise, having previously held senior roles at CIT and HSBC North America. As a result, Evernorth strengthens its ability to navigate complex compliance landscapes. 

Next, Robert Kaiden, Chief Financial Officer (CFO) of the OpenAI Foundation, will contribute his financial leadership experience. He previously served as Twitter’s Chief Accounting Officer and as an audit partner at Deloitte, positioning him to enhance Evernorth’s financial transparency and reporting standards.

In addition, Ted Janus brings more than three decades of institutional investing experience as a principal at J Capital. His background is expected to support disciplined treasury management and long-term capital allocation strategies.

Finally, Derar Islim adds operational depth, drawing on his experience as former COO and interim CEO of Genesis Global Trading. Consequently, Evernorth gains valuable insight into crypto market cycles and restructuring dynamics.

These directors will join CEO Asheesh Birla, completing a board that spans legal, financial, investment, and digital asset expertise. 

Additionally, Evernorth is expanding its executive team. The company has appointed Boris Kapeller as Chief Risk Officer and Charles Stewart as Chief Communications Officer. Through these hires, Evernorth underscores its commitment to robust risk oversight and clear strategic communication.

Regulatory Progress and Strategic Backing

Meanwhile, Evernorth continues to advance its regulatory process to become a publicly traded company in the United States. The firm recently filed an S-4 registration statement with the U.S. SEC and has already submitted an amended version as part of the review process.

Additionally, the company has raised over $1 billion from strategic investors, including Ripple and SBI Holdings. Backed by key figures such as Ripple Chairman Chris Larsen, Evernorth now holds more than 473 million XRP, according to its latest SEC filing.

Moreover, several Ripple executives, including CEO Brad Garlinghouse, CTO Emeritus David Schwartz, and CLO Stuart Alderoty, currently serve as strategic advisors. This alignment further highlights Evernorth’s deep integration within the XRP ecosystem as it moves toward becoming a publicly listed XRP treasury company.