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Evernorth plans to acquire XRP worth $719 million

PRIVATEOct 03, 2026

Acquiring Company

Evernorth

Acquired Company

XRP

Madhya PradeshSan FranciscoFinancial ServicesBlockchainCryptocurrencyInformation TechnologyFinancial ServicesAdvertisingFinanceFintechBlockchainCryptocurrencyLendingMarketing

Description

Evernorth is set to finalize its acquisition of XRP on October 7, involving about 473 million XRP valued at approximately $719 million. The trading of the assets is expected to start on Nasdaq as XRPN on October 8. This merger is part of a broader initiative to enhance the utility of digital assets and could generate over $1 billion in total.

Company Information

Company

Evernorth

Location

Madhya Pradesh, India

About

Evernorth is a treasury company involved in the management and strategic utilization of assets. They play a significant role in the cryptocurrency market, particularly with XRP. Their focus is on enhancing the value and utility of digital assets. Their expertise covers various innovative financial solutions within the crypto space.

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Frequently asked

Who acquired XRP?

XRP was acquired by Evernorth, based in Madhya Pradesh. The deal was reported on October 3, 2026. Evernorth is a treasury company involved in the management and strategic utilization of assets. They play a significant role in the cryptocurrency market, particularly with XRP. Evernorth is privately held and operates in Financial Services.

When did Evernorth acquire XRP?

Evernorth's acquisition of XRP was reported on October 3, 2026. Evernorth is set to finalize its acquisition of XRP on October 7, involving about 473 million XRP valued at approximately $719 million. The trading of the assets is expected to start on Nasdaq as XRPN on October 8. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does XRP do?

XRP is a digital currency and the native asset of the XRP Ledger. Known for its speed and efficiency, XRP facilitates international transactions. The currency has gained popularity among financial institutions for cross-border payments. It is privately held, operating in Information Technology, and is based in San Francisco.

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