Evernorth to Go Public via $1B SPAC, Aiming to Build Large XRP Treasury

Deal Summary

Ripple-linked Evernorth has agreed to go public through a $1 billion SPAC transaction that would position the company to anchor part of its balance sheet in XRP. The deal signals rising institutional appetite for digital assets and would make Evernorth one of the first public firms to hold a sizable XRP treasury.