OpenAI's CFO joins Ripple-backed Evernorth board ahead of Nasdaq debut under $XRPN

Robert Kaiden, CFO of the OpenAI Foundation, has been named an independent director at Evernorth Holdings — the Ripple-backed <a class="ticker-mention" href="/en-US/token/xrp">XRP</a> treasury company — as it files its second SEC S-4 amendment targeting a Q2 2026 Nasdaq listing under ticker XRPN. Antalpha COO Derar Islim joins the board alongside Ripple CLO Stuart Alderoty, signalling that governance is being hardened for public-market scrutiny.

Evernorth holds over 473 million XRP valued at roughly $656 million, has raised more than $1 billion, and carries a 126.79 million XRP anchor commitment from Ripple Labs itself. The SPAC path runs through a merger with Armada Acquisition Corp II.

On price, XRP is consolidating near $1.40. Elliott Wave analysis points to a potential ABC correction bottom with a breakout target of $2.50–$3.30, contingent on Bitcoin reclaiming the $80,000 band. Goldman Sachs&#x27; $153.8 million XRP ETF position and an…