Evernorth, Ripple-Supported XRP Vault Entity, Eyes IPO as CEO Declares Perfect Timing

Evernorth Eyes Nasdaq Listing

Evernorth, the XRP vault entity backed by Ripple, is preparing for a Nasdaq IPO via a SPAC merger. The company currently holds 388 million XRP tokens worth approximately $812 million.

CEO: Regulatory Climate Favorable

Asheesh Birla, CEO of Evernorth, stated that the timing is ideal for the move, citing increasing government support for digital assets and growing institutional readiness to adopt XRP.

Offering More Than Just Crypto Exposure

While crypto reserve firms have seen valuations drop and some have halted crypto purchases, Evernorth emphasizes its unique value proposition by offering not only XRP exposure but also custodial, compliance, and security services.

• Holdings of 388 million XRP tokens
• Plans to list under ticker code XRPN
• Provides integrated XRP investment, compliance, and security solutions