Ripple-Backed Evernorth XRP Treasury Tops $1B Ahead of Nasdaq Listing
Evernorth, the Ripple-backed digital asset treasury firm, has expanded its $XRP holdings to over $1 billion, according to on-chain data. The firm received significant XRP allocations from Ripple, Uphold, and individual investors including Chris Larsen, shortly after announcing a SPAC merger aimed at raising more than $1 billion for institutional XRP accumulation.
The milestone positions Evernorth as one of the largest institutional holders of XRP, highlighting growing corporate interest in the token ahead of its Nasdaq listing.
