A company tied to Ripple, known as Evernorth, is preparing a $1 billion listing aimed at building a treasury of XRP cryptocurrency. This move highlights ongoing developments in the crypto space involving Ripple's ecosystem.
Evernorth, described as Ripple-linked or Ripple-tied, has announced plans for a $1 billion listing specifically to establish an XRP treasury. The initiative underscores Ripple's continued influence in the cryptocurrency sector, where XRP serves as a key digital asset.
Details on the listing process, timeline, or exact structure remain limited in available reports. This development occurs amid broader crypto market activities, though specifics focus on Evernorth's strategy to bolster its holdings in XRP, the token associated with Ripple's payment network.
The announcement contributes to the evolving landscape of institutional adoption in cryptocurrencies, with Evernorth positioning itself to leverage XRP for potential treasury management.