How Evernorth Plans to Bring XRP to Wall Street Like a Public Stock
The post How Evernorth Plans to Bring XRP to Wall Street Like a Public Stock appeared on BitcoinEthereumNews.com.
Evernorth targets Q1 2026 Nasdaq IPO to make institutional XRP easy exposure. Executive says recent XRP ETFs saw record demand from public-market investors. Company plans over $1B raise to build the largest institutional XRP treasury. Institutional access to crypto has long been complicated. Custody rules, compliance risks, security concerns, and unclear regulations have kept many large investors on the sidelines. Now, a new public-market approach built around XRP aims to change that. During a recent interview at the Nasdaq, Evernorth executive CEO Asheesh Birla explained how the company plans to make institutional XRP exposure as simple as buying a stock, ahead of its planned Q1 2026 IPO. Why Timing Matters for XRP Adoption Birla, who has worked in blockchain since 2013, said the current moment feels different from past crypto cycles. According to him, institutions now have clearer regulations, a more supportive policy environment, and real demand from investors. “It was a record-breaking few weeks with XRP ETFs. That’s great news. That shows that there is a demand from the public market to gain exposure to XRP, a digital asset that is at the forefront of the financial revolution on blockchain,” he said. Turning XRP Into a Public-Market Asset Evernorth’s core idea is straightforward. Many institutions want exposure to digital assets but prefer familiar structures. Rather than holding crypto directly, they would rather own shares in a regulated public company. That is where Evernorth comes in. By buying the company’s Nasdaq-listed stock, expected to trade under the ticker XRPN, investors gain indirect exposure to XRP without dealing with custody or regulatory complexity. Evernorth handles the operational heavy lifting behind the scenes. Birla said this approach targets the “large majority” of institutions that want crypto exposure but do not want to build in-house crypto infrastructure. Related: U.S. Senate Delays CLARITY Act…
Filed under: News - @ January 16, 2026 8:26 pm