Evernorth Holdings Amasses $1 Billion in XRP, Eyes Nasdaq Listing
Digital asset firm Evernorth Holdings, backed by Ripple, has accumulated over $1 billion in XRP tokens. This milestone marks a significant step towards institutional adoption of XRP and precedes Evernorth's planned public trading debut on the Nasdaq exchange under the ticker symbol XRPN.
The company, launched in October, holds 388.7 million XRP tokens, valued above $1 billion. This development has coincided with an 8.6% surge in XRP's market value.
Evernorth's formation involved a merger with Armada Acquisition Corp II and secured over $1 billion in funding from investors including Ripple, SBI Group, and Rippleworks. CEO Asheesh Birla stated the company is backed by a "world-class group of investors and leaders."
Evernorth's move occurs amidst speculation surrounding XRP ETFs, though official decisions remain pending. Their publicly traded treasury vehicle offers a distinct avenue for institutional XRP exposure.


Cryptovka
Evernorth Hits $1 Billion XRP Milestone, Prepares for Public Trading on Nasdaq
Evernorth Holdings, a newly established digital asset firm supported by Ripple, has successfully accumulated over $1 billion worth of XRP tokens as...








