Evernorth, an XRP treasury company, rose 5% at its Nasdaq opening print, a public-market bid for crypto treasury exposure. The XRPL behind XRP has run since 2012 with $0.0002 transactions, 3-5 second

What happened: Evernorth Holdings (XRPN), an XRP-focused treasury company, began trading on Nasdaq on Monday and named former Coinbase Asset Management Co-CIO Hugo Jeandesboz as chief investment officer. Key numbers: Shares rose as much as 5% on debut. Expected holdings of about 473 million XRP, worth $657 million. Why it matters: The listing is described as the first pure-play XRP digital asset treasury on Nasdaq, and the company said its holdings would make it the largest publicly traded XRP treasury company. Coverage: 3 outlets in 24h

Evernorth Holdings (XRPN), an XRP-focused treasury company, began trading on Nasdaq on Monday and named former Coinbase Asset Management Co-CIO Hugo Jeandesboz as chief investment officer.

The listing is described as the first pure-play XRP digital asset treasury on Nasdaq, and the company said its holdings would make it the largest publicly traded XRP treasury company.