Ripple-supported XRP treasury entity Evernorth prepares for IPO, CEO says "The timing couldn't be better"

MarsBitNews · 2026-01-16T02:38:49+00:00

Ripple-supported Evernorth is going public on NASDAQ through a SPAC merger, with the trading symbol XRPN, holding 388 million XRP tokens valued at approximately $812 million. CEO Birla emphasized that the company has good prospects for development under regulatory and government support, despite the volatility in the crypto market.

MarsBitNews

2026-01-16 02:38:49

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Mars Finance reports that XRP treasury entity Evernorth, supported by Ripple, is preparing to go public on NASDAQ through a SPAC merger, with the trading code XRPN. The company holds 3.88 billion XRP tokens, currently valued at approximately $812 million. CEO Asheesh Birla stated, “The timing couldn’t be more perfect; we have the right regulatory environment, government support, and institutions ready to adopt.” Despite recent plummets in the valuation of crypto reserve companies and many halting cryptocurrency purchases, Birla emphasized that Evernorth not only provides XRP exposure but also handles custody, compliance, and security obligations.

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