Evernorth is preparing for an IPO and plans to merge with SPAC to list on NASDAQ

Evernorth, an XRP vault entity supported by Ripple, is preparing to list on NASDAQ through a SPAC merger under the trading code XRPN. Evernorth holds 388 million XRP tokens worth approximately $812 million. CEO Asheesh Birla stated that the current regulatory environment, government support, and institutional adoption conditions are suitable for listing, and emphasized that Evernorth not only provides XRP exposure, but also handles custody, compliance, and security obligations.