Ripple-Backed Evernorth Secures $1 Billion XRP Treasury for Publicly Traded ETF

Evernorth Holdings, a new company backed by Ripple, has amassed $1 billion worth of XRP tokens. This strategic move positions the company to launch a publicly traded XRP treasury vehicle on the Nasdaq exchange under the ticker symbol XRPN soon. The funds will be part of Evernorth’s total funding goal of $1 billion, including investments from industry leaders like SBI Group and Ripple.