A video circulating online captures a notable moment on the streets of New York City after Ripple CEO Brad Garlinghouse was spotted leaving the Nasdaq building. The footage shows an individual recognizing Garlinghouse and expressing strong appreciation for his work before the clip ends.
Crypto commentator JackTheRippler posted the video on X and noted that Ripple Chief Legal Officer Stuart Alderoty was also present. His caption added to the intrigue, stating: “Something monumental is happening!”
The sighting has the XRP community paying close attention, and there is substance behind the excitement.
🚨BREAKING: 🇺🇸 @Ripple CEO Brad Garlinghouse has been spotted in New York City. 🗽
Stuart Alderoty, Ripple lawyer, is behind him. Both of them came out from Nasdaq. Something monumental is happening!
NASDAQ 🤝 #XRP pic.twitter.com/328NB0sHx4
— JackTheRippler ©️ (@RippleXrpie) October 26, 2026
Evernorth Brings XRP to Nasdaq
The most likely catalyst for the visit is Evernorth Holdings. Ripple backed Evernorth as the company completed its SPAC merger with Armada Acquisition Corp. II and began trading on Nasdaq under the ticker XRPN.
The company is building an XRP treasury business with a $1 billion capital target, giving institutional investors a way to gain exposure to XRP through shares in a publicly traded company rather than holding the cryptocurrency directly.
The approach has similarities to MicroStrategy’s Bitcoin strategy, which uses a corporate treasury to accumulate Bitcoin. Evernorth applies a comparable model to XRP, with a focus on building an XRP treasury for institutional investors.
Garlinghouse and Alderoty’s presence at Nasdaq may be linked to the launch’s institutional and ceremonial activities, potentially including a bell-ringing ceremony or meetings with exchange executives and investors.
JackTheRippler’s tweet paired the sighting with a handshake emoji between Nasdaq and XRP, capturing what many in the community see as a significant shift in XRP’s institutional standing.
Legal Clarity on the Floor
Alderoty’s presence alongside Garlinghouse carries weight. As the executive who led Ripple’s legal strategy through years of SEC litigation, his appearance at Nasdaq signals to institutional investors that Ripple enters this space with regulatory clarity already established.
Having both the CEO and the Chief Legal Officer at the exchange reinforces Ripple’s message to Wall Street: the company is building compliant, publicly traded capital infrastructure around XRP, not operating in regulatory grey zones.
Broader Product Momentum
The Nasdaq visit also coincides with growing institutional product activity around XRP. The Canary XRP ETF, trading under the ticker XRPC on Nasdaq, represents another layer of exchange-traded exposure to the asset. Garlinghouse and Alderoty’s appearance at the exchange fits into a pattern of Ripple actively engaging with traditional finance infrastructure as XRP-linked products expand.
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