Shares of Evernorth rose 5% as investors welcomed the Nasdaq debut of the first pure-play XRP digital asset treasury.
Newly listed shares of XRP-focused treasury company Evernorth Holdings (XRPN) rose as much as 5% during their debut on the Nasdaq stock exchange on Monday, according to Yahoo Finance. Information.
Earlier on Monday, the company named former Coinbase Asset Management co-chief investment officer Hugo Zindesboj as its new chief investment officer. He will lead treasury strategy, including treasury allocation, liquidity management and active management of Evernorth’s XRP holdings, according to Monday. announcement.
Evernorth deploys its XRP holdings to generate additional income through decentralized finance (DeFi) yield strategies.
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