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Ripple-backed XRP Treasury Entity Evernorth Prepares for IPO, CEO Says 'Perfect Timing'
Summary: According to reports, Ripple-backed XRP treasury entity Evernorth 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 around $8.12 billion. CEO Asheesh Birla stated, 'The timing couldn't be better, we have the right regulatory environment, government support, and ...
According to reports, Ripple-backed XRP treasury entity Evernorth 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 around $8.12 billion. CEO Asheesh Birla stated, 'The timing couldn't be better, we have the right regulatory environment, government support, and institutions ready to adopt.' Despite recent plummeting valuations of crypto reserve companies and many halting crypto purchases, Birla emphasized that Evernorth not only offers XRP exposure but also handles custody, compliance, and security obligations.
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Link: Ripple-backed XRP Treasury Entity Evernorth Prepares for IPO, CEO Says 'Perfect Timing' [Copy]
