Ripple-backed Evernorth nears launch of publicly traded XRP treasury

Evernorth Holdings is progressing with its plan to launch a publicly traded XRP treasury vehicle on the Nasdaq by accumulating 388.7 million XRP.

Evernorth Holdings, a new Ripple-backed digital asset company, has reportedly amassed $1 billion worth of XRP tokens as part of its strategy to establish an XRP treasury.

As of Monday, Evernorth’s XRP (XRP) holdings totaled 388.7 million tokens, according to data from digital asset analytics platform CryptoQuant.

With XRP trading above $2.60 at the time of publication, the company’s XRP holdings have surpassed the $1 billion mark — a significant milestone in XRP accumulation that came just days after Evernorth’s official debut on Oct. 20 as an institutional vehicle for XRP adoption.

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