[Evernorth Completes SPAC Merger, Holds $672 Million in XRP and Plans Yield Strategies] According to The Block, XRP treasury company Evernorth has completed a SPAC merger and plans to list on Nasdaq. The company stated that it currently holds approximately $672 million in XRP assets and intends to further expand its XRP reserves through yield strategies in the future. Evernorth mentioned that it plans to utilize XRP for lending, liquidity provision, and other businesses to generate returns and increase the amount of XRP per share. The company aims to actively manage its XRP assets to build an operational model similar to a digital asset treasury. Additionally, Evernorth has appointed former Coinbase Asset Management Co-Chief Investment Officer Hugo Jeandesboz as Chief Investment Officer, responsible for investment strategy development and asset management.