Ripple-Backed Evernorth Plans Nasdaq Listing via SPAC Merger

According to ChainCatcher, Evernorth, an entity supported by Ripple, is preparing to go public on Nasdaq through a SPAC merger, with the trading symbol XRPN. The company currently holds 388 million XRP tokens. CEO Asheesh Birla stated, "The timing couldn't be more perfect, with the right regulatory environment, government support, and institutions ready to adopt." Despite a recent decline in valuations for crypto reserve companies, and many ceasing to purchase cryptocurrencies, Birla emphasized that Evernorth not only offers exposure to XRP but also manages custody, compliance, and security obligations.