Evernorth, a treasury firm focused on XRP holdings, has filed an S-4 registration statement for a $1 billion SPAC merger deal. The filing indicates the combined entity will launch with at least 473 million XRP tokens, including contributions from Ripple Labs.
The SPAC structure would create a publicly-traded vehicle providing institutional exposure to XRP holdings. This represents a significant development for XRP accessibility in traditional markets, potentially offering regulated investment pathways for the digital asset.