Evernorth is set to launch a $1 billion XRP digital asset treasury fund, aiming for a NASDAQ listing under the ticker XRPN by Q1 2026. CEO Asheesh Birla announced that the fund will function like an asset management fund, holding and deploying XRP while offering shares of its treasury. Unlike standard ETFs, the fund will generate returns through staking, lending, and liquidity routing across the XRPL and cross-chain DeFi ecosystem. The company plans to expand its operations into Japan and South Korea, with further announcements on its custody partner and DeFi integrations expected in the coming months. This strategic move highlights Evernorth's commitment to leveraging XRP for yield-generating opportunities, setting it apart in the digital asset management space.