The move allows investors to gain exposure to the XRP ecosystem without directly holding the cryptocurrency. Evernorth, which debuted on Nasdaq on October 12 under the XRPN ticker, holds approximately 473 million XRP and is led by former Ripple executive Asheesh Birla. The company plans to deploy its XRP treasury into institutional strategies from Q4 2026 through partnerships with Ripple, Kraken, Coinbase, and BitGo.