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Evernorth plans to put its $648m XRP reserve to work

NewsFeeds update

XRP treasury company Evernorth, working with Ripple, Kraken, Coinbase and BitGo, plans to deploy about 473 million XRP, worth roughly $648m, into lending, liquidity provision and other yield strategies, and later into XRP Ledger lending and on-chain DeFi.

AltcoinsPANewsAIBullish

Read the original on PANews

The story so far: Evernorth SPAC merger and Nasdaq listing

XRP treasury company Evernorth merged with a SPAC and began trading on Nasdaq as XRPN, holding 473 million XRP. It has now registered investor-held shares, including holdings tied to Ripple Labs, SBI affiliates and Chris Larsen, for possible resale, while shares have fallen over 40% since the debut.

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. Evernorth sets 30 September vote on business combination for Nasdaq listing

  2. Evernorth shareholders approve SPAC merger, targeting Nasdaq debut on 8 Oct

  3. Evernorth to hold $714m in XRP after XRPN merger, lists on Nasdaq Thursday

  4. XRP treasury firm Evernorth delays Nasdaq debut to 12 Oct

  5. Evernorth to list on Nasdaq as XRPN after SPAC merger

  6. Evernorth names ex-Coinbase investment executive as CIO ahead of Nasdaq listing

  7. Ripple-backed Evernorth begins Nasdaq trading with 473 million XRP treasury

  8. Evernorth plans to put its $648m XRP reserve to work

  9. Evernode files resale registration as shares fall over 40% since Nasdaq debut

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Every Altcoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.