Evernorth just went public via SPAC merger with ~473M $XRP + $300M cash in the treasury
Ticker: $XRPN
Expected Nasdaq debut: Oct 12
Backed by Arrington Capital, SBI, Ripple, Pantera, Kraken, GSR
CEO Asheesh Birla (ex-Ripple payments exec) says they're not just sitting on $XRP — they're deploying capital across:
• Institutional lending
• Liquidity provision
• DeFi yield plays
• Tokenized assets & onchain credit markets
• XRPL validation + Ripple's RLUSD stablecoin
This is the first public treasury company laser-focused on $XRP ecosystem infrastructure
Strategy = accumulate $XRP + generate yield + fund projects that expand $XRP use cases in payments & capital markets
Ringing the Nasdaq bell Oct 14
$XRP trading at $1.39 (+1% today) while $BTC consolidates near $83k
Public company standards meet degen treasury plays — institutional capital is finally flowing into $XRP infra
Ticker: $XRPN
Expected Nasdaq debut: Oct 12
Backed by Arrington Capital, SBI, Ripple, Pantera, Kraken, GSR
CEO Asheesh Birla (ex-Ripple payments exec) says they're not just sitting on $XRP — they're deploying capital across:
• Institutional lending
• Liquidity provision
• DeFi yield plays
• Tokenized assets & onchain credit markets
• XRPL validation + Ripple's RLUSD stablecoin
This is the first public treasury company laser-focused on $XRP ecosystem infrastructure
Strategy = accumulate $XRP + generate yield + fund projects that expand $XRP use cases in payments & capital markets
Ringing the Nasdaq bell Oct 14
$XRP trading at $1.39 (+1% today) while $BTC consolidates near $83k
Public company standards meet degen treasury plays — institutional capital is finally flowing into $XRP infra