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Ripple-supported XRP treasury entity Evernorth prepares for IPO, CEO says "The timing couldn't be better"
Ripple-supported XRP treasury entity Evernorth is preparing to go public on NASDAQ through a SPAC merger, with the trading symbol XRPN. The company holds 388 million 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 crypto reserve company valuations and many halting cryptocurrency purchases, Birla emphasized that Evernorth not only provides XRP exposure but also handles custody, compliance, and security obligations.