TechnologyCryptocurrencies

Ripple-Tied Treasury Firm to Raise Over $1 Billion to Go Public

FacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy David PanOctober 20, 2025 at 4:34 PM UTCBookmarkSave

A company whose primary purpose is to hold the cryptocurrency tied to the Ripple payment network, XRP, is set to go public via a blank-check company.

Called Evernorth, the new venture joins an explosion of digital asset treasury companies, or DATs, raising funds through a special purpose acquisition company or SPAC. The publicly listed entities draw investors that want to gain exposure to tokens without directly holding them.

Source: Original