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Evernorth plans equity-style XRP exposure with active yield strategies for institutional investors.

Market News
04 May 2026
Benzinga
View Source
Bullish
pluang ai news

EvernorthXRP, linked to Ripple, aims to offer investors equity-style exposure to XRP through a new ticker, XRPN. Unlike simply holding XRP, Evernorth plans to actively manage holdings by deploying them into yield-generating strategies, targeting institutional investors who prefer regulated, equity-based access to digital assets. This approach seeks to bridge traditional finance and crypto by fitting within familiar financial channels while leveraging blockchain opportunities like DeFi on the XRP network. Despite XRP's recent price decline, the strategy could enhance long-term utility and appeal amid growing institutional interest in crypto.

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XRP whales have added 1.5B tokens in 6 months despite price dips, signaling strong confidence.

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Over the past six months, XRP holders with at least 1 million tokens have accumulated about 1.53 billion XRP, increasing their share of the circulating supply to 74.1%. This accumulation occurred even as XRP's price fell from above $3 to near $1.20, ...

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XRP Ledger removes Ripple name in update as whales hold 74% of XRP supply

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The XRP Ledger has officially removed the Ripple brand from its core code, renaming the main program from "ripple daemon" to "xrpl daemon" to emphasize its independence from the Ripple company. This change aims to clarify the network's decentralized ...

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