XRP Treasury Firm Evernorth Lists on Nasdaq as XRPN
The Ripple-linked treasury firm has raised over $1 billion and holds nearly half a billion XRP, giving Nasdaq investors a regulated route into the token through a standard brokerage account.
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The Ripple-linked treasury firm has raised over $1 billion and holds nearly half a billion XRP, giving Nasdaq investors a regulated route into the token through a standard brokerage account.
The listing adds a public-market route into XRP exposure, but Ripple’s related-party link keeps Evernorth from using fair-value accounting for its treasury.
A regulated public-market vehicle for XRP exposure, fronted by Ripple, Pantera, SBI, Kraken, and GSR.
Public-market access would give investors a new route to XRP treasury exposure, but the proposed Nasdaq transaction still depends on shareholder approval and closing conditions.
Evernorth's 10B-share charter dwarfs the ~34.5M shares the SPAC merger actually needs. The remaining capacity is the tool Evernorth will use to grow XRP per share through capital raises, XRPL…
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