Evernorth launched a Japanese-language social media account and disclosed a plan to build a $1 billion XRP treasury, backed by a $200 million commitment from SBI Holdings, while its proposed merger with Armada Acquisition Corp. II remains pending regulatory approval. SBI Holdings, through its subsidiary SBI Ripple Asia, has been a central participant in Japan’s regulated XRP ecosystem since 2016, offering payment services and supporting various XRP-linked products. The $200 million commitment is part of Evernorth’s broader financing, which also includes contributions from Ripple, Pantera Capital, Kraken and Arrington Capital. The Japanese account will provide market analysis in Japanese without price forecasts and will not discuss XRP pricing, the company said. Evernorth has not announced a local office, licensing or staffing for the account. The Nasdaq merger, which would take Evernorth public under the ticker XRPN, requires approval from the U.S. Securities and Exchange Commission and a vote by Armada shareholders; the registration statement filed in June is not yet effective. The company said the Japanese channel will focus on education and business outreach, while the timeline for the Nasdaq listing and the scale of the XRP treasury remain subject to further approvals and market conditions.