Evernorth clears shareholder vote ahead of Nasdaq debut with $710M XRP treasury

The vote matters less for the listing itself than for what it signals: a shareholder base formally endorsing a treasury strategy built around a single altcoin, which is still an unusual structure for a Nasdaq-listed vehicle. That makes Evernorth a test case for how public-market investors price a company whose balance sheet is effectively an XRP proxy, rather than an operating business. Whether that model attracts follow-on vehicles, and how the shares track XRP once trading begins, is the open question.