Ripple’s Evernorth Secures $1 Billion for Institutional XRP Access

A new company, Evernorth Holdings Inc., backed by Ripple (XRP), has launched and secured over $1 billion in funding to provide institutional investors with regulated and scalable access to the crypto asset. This investment will be used to build a substantial XRP treasury to support an active investing strategy that combines traditional finance principles with DeFi opportunities. Evernorth aims to establish itself as a bridge for institutional investors seeking exposure to cryptocurrency.