Evernorth plans to go public via a SPAC and deploy over $1 billion to buy and manage XRP, creating one of the largest public XRP treasuries.
Evernorth is a newly formed “digital asset treasury” whose core idea is simple: Raise a large pool of cash and use most of it to buy and manage XRP.
Rather than requiring companies to hold the token directly, Evernorth aims to offer a publicly traded stock that provides XRP (XRP) exposure through a corporate balance sheet.
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