In accordance with CoinEdition, Evernorth CEO Asheesh Birla detailed the company’s $1 billion XRP digital asset treasury fund, which will operate like an asset management fund, holding and deploying XRP while offering shares of its treasury. Birla stated that the fund shares will be listed under the ticker XRPN on NASDAQ as early as Q1 2026. The treasury will deploy XRP into yield-generating opportunities across the XRPL and cross-chain DeFi ecosystem, distinguishing it from standard ETFs by generating returns through staking, lending, and liquidity routing. Evernorth plans to expand into Japan and South Korea and will announce its custody partner and DeFi integrations in the coming months.
Evernorth Aims to Launch $1 Billion XRP Treasury Fund with NASDAQ Listing in Q1 2026
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