Ripple-backed XRP treasury firm Evernorth moves closer to Nasdaq listing

Evernorth, an XRP treasury company backed by Ripple, has cleared SEC paperwork for a merger with a shell company, setting up a Sept. 30 shareholder vote and a Nasdaq listing under the ticker XRPN. The approval removes a key regulatory hurdle ahead of the planned listing.

• The vote determines whether the XRP treasury company can list on Nasdaq.
• Evernorth is part of a wave of crypto treasury firms going public via mergers.