Evernode Reaches Nasdaq and Announces XRP Treasury Investment Plans with Major Crypto Firms
Evernode, a company holding approximately 473 million XRP, has reached a Nasdaq listing and announced plans to deploy its XRP treasury alongside several major names in the cryptocurrency industry. The move signals a significant institutional-scale commitment to XRP as a treasury asset.
Evernode, which holds approximately 473 million XRP in its treasury, has achieved a Nasdaq listing, marking a notable milestone for an XRP-affiliated entity in traditional capital markets. The company subsequently announced plans to begin actively investing that treasury in partnership with major players across the cryptocurrency industry.
Among the firms reported to be involved in the treasury deployment are Ripple, Coinbase, Kraken, and Bitgo. The involvement of such established names suggests a structured and multi-party approach to managing the substantial XRP holdings.
The scale of the XRP treasury involved, nearly half a billion tokens, places this among the larger known institutional XRP positions. How those funds are deployed in partnership with the named firms could have implications for XRP liquidity and on-chain activity going forward.
The Nasdaq listing adds a layer of regulatory visibility and public market accountability to Evernode's operations, potentially making its XRP treasury position subject to greater scrutiny and reporting standards than a purely private entity would face.
Key facts
- •Evernode holds approximately 473 million XRP in its treasury
- •Evernode has reached a Nasdaq listing
- •Company announced plans to invest its XRP treasury with major crypto industry partners
- •Partners reported include Ripple, Coinbase, Kraken, and Bitgo
- •Announcement was made within the past week