In brief
- Evernorth is a new publicly traded digital asset treasury focused on accumulating the Ripple-linked asset, XRP.
- The firm’s treasury will be built with more than $1 billion in net proceeds, with contributions from Ripple and notable crypto firms.
- Ripple executives, including CEO Brad Garlinghouse, will act as strategic advisors to the firm.
Ripple is getting behind a new publicly traded XRP treasury firm called Evernorth, which aims to raise more than $1 billion and has recruited key Ripple backers to help with its push.
Built with contributions from Ripple itself, Ripple co-founder Chris Larsen, and notable crypto firms like Pantera Capital and Kraken, Evernorth will come together via a business combination with publicly…
