Evernorth, a Ripple-Backed Company, Lists on Nasdaq With XRP Holdings at a Loss
Evernorth lists on Nasdaq with significant XRP losses
Evernorth, a company backed by Ripple, has listed on Nasdaq. At the time of the listing, the company held approximately 473 million XRP tokens, which were worth far less than what Evernorth paid for them. XRP — the native cryptocurrency of the Ripple network — was trading at around $1.36 when this was reported on October 12, 2026.
Key details
- Evernorth holds approximately 473 million XRP tokens.
- The value of those XRP holdings is significantly less than the purchase price, according to the source.
- Evernorth has been backed by Ripple, the company behind the XRP blockchain.
- The company has completed a listing on Nasdaq, a major U.S. stock exchange.
What is confirmed
Evernorth holds about 473 million XRP tokens, and those tokens are valued at less than what the company paid for them. Evernorth has been backed by Ripple and has listed on Nasdaq. XRP was trading at $1.36 at the time of the report, down 2.91% on the day.
What remains unclear
The supplied source material does not specify the original purchase price of the XRP, the exact dollar amount of the loss, or details about Evernorth's business operations beyond its token holdings. It also does not clarify the specific nature of Ripple's backing of the company.
Source
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