23h ago

Evernorth’s XRPN targets Oct. 12 Nasdaq debut with 473 million XRP and about $300 million in cash

Crypto investment vehicle Evernorth (ticker: XRPN) plans to debut on Nasdaq on October 12 with holdings of 473 million XRP and about $300 million in cash. SBI has committed $200 million, with Ripple, Pantera, Kraken and GSR also participating, and roughly 94% of votes backing the plan. After listing, Evernorth says it will aim to increase XRP per share through a “hold, lend, build” strategy, including validators, liquidity and RLUSD on the ledger. In the same week, the XRP Ledger activated Permission Delegation and Batch, while native lending remains in a validator vote.

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