The post Evernorth Details $1B ‘Yield-Bearing’ XRP Fund for Nasdaq appeared on BitcoinEthereumNews.com. Evernorth will operate similarly to an asset management fund, holding and deploying XRP while offering shares of its treasury Birla stated that Evernorth intends to list its fund shares under the ticker XRPN on NASDAQ, as early as Q1 2026 Instead of simply holding XRP, the treasury will deploy it into yield-generating opportunities across the growing XRPL and cross-chain DeFi ecosystem Evernorth’s CEO Asheesh Birla joined Tony Edward on his Thinking Crypto podcast to talk about the company’s new $1 billion fund dedicated to holding XRP. The company will operate similarly to an asset management fund, holding and deploying XRP while offering shares of its treasury. This model is designed for large institutions and corporate treasuries that want to invest in crypto but prefer to avoid the complexity and security risks of handling the digital assets directly. During the podcast, Birla stated that Evernorth intends to list its fund shares under the ticker XRPN on NASDAQ, as early as Q1 2026.  Related: Ripple-Backed Evernorth Aims to Raise Over $1B for XRP Treasury When investors buy shares of XRPN, they are essentially buying a piece of the company’s XRP holdings. This approach is similar to how Bitcoin ETFs work and follows the same principle as MicroStrategy’s well-known plan of holding a large amount of Bitcoin on its corporate balance sheet. How This Model Differs From a Standard ETF However, Evernorth’ strategy goes a step further. Mainly, instead of simply holding XRP, the treasury will deploy it into yield-generating opportunities across the growing XRPL and cross-chain DeFi ecosystem.  It was stated that yield generated from staking, lending, and liquidity routing will be used to accumulate additional XRP, allowing the treasury’s asset holdings per share to grow over time. This is different from standard ETFs, which simply hold the asset without trying to… The post Evernorth Details $1B ‘Yield-Bearing’ XRP Fund for Nasdaq appeared on BitcoinEthereumNews.com. Evernorth will operate similarly to an asset management fund, holding and deploying XRP while offering shares of its treasury Birla stated that Evernorth intends to list its fund shares under the ticker XRPN on NASDAQ, as early as Q1 2026 Instead of simply holding XRP, the treasury will deploy it into yield-generating opportunities across the growing XRPL and cross-chain DeFi ecosystem Evernorth’s CEO Asheesh Birla joined Tony Edward on his Thinking Crypto podcast to talk about the company’s new $1 billion fund dedicated to holding XRP. The company will operate similarly to an asset management fund, holding and deploying XRP while offering shares of its treasury. This model is designed for large institutions and corporate treasuries that want to invest in crypto but prefer to avoid the complexity and security risks of handling the digital assets directly. During the podcast, Birla stated that Evernorth intends to list its fund shares under the ticker XRPN on NASDAQ, as early as Q1 2026.  Related: Ripple-Backed Evernorth Aims to Raise Over $1B for XRP Treasury When investors buy shares of XRPN, they are essentially buying a piece of the company’s XRP holdings. This approach is similar to how Bitcoin ETFs work and follows the same principle as MicroStrategy’s well-known plan of holding a large amount of Bitcoin on its corporate balance sheet. How This Model Differs From a Standard ETF However, Evernorth’ strategy goes a step further. Mainly, instead of simply holding XRP, the treasury will deploy it into yield-generating opportunities across the growing XRPL and cross-chain DeFi ecosystem.  It was stated that yield generated from staking, lending, and liquidity routing will be used to accumulate additional XRP, allowing the treasury’s asset holdings per share to grow over time. This is different from standard ETFs, which simply hold the asset without trying to…