Evernorth to Launch as Largest Publicly Traded XRP Treasury
- Evernorth cleared its final merger hurdle on September 30, paving the way for a Nasdaq listing.
- The merger and related placements raised over $1 billion, including $225 million from private placements.
- Evernorth will hold approximately 473 million XRP, becoming the largest publicly traded pure-play XRP treasury.
- Backed by Ripple, Pantera Capital, Kraken, and others, Evernorth joins the crypto-treasury trend.
Evernorth’s transition to a public company is set for October with its Class A common stock trading under “XRPN.” This move is part of a broader strategy to provide regulated exposure to XRP within the growing blockchain economy.
With significant backing and a substantial XRP reserve, Evernorth aims to capitalize on the volatile nature of XRP prices while expanding its holdings through strategic financial activities. (Source)
