Ripple-Backed Evernorth Targets Nasdaq Listing with $214M XRP Treasury

Evernorth, a financial company backed by Ripple, is moving forward with plans to go public on the Nasdaq under the ticker XRPN. The move would give traditional stock market investors an opportunity to gain exposure to XRP through a corporate structure.

The company has accumulated over 473 million XRP, making it one of the largest known corporate holders of the cryptocurrency.

Evernorth plans to actively deploy its XRP holdings throughout the wider XRP economy by participating in infrastructure development and other onchain financial opportunities. The company aims to grow XRP per share and maximize value for stakeholders.